Domestic industries may benefit from tariffs through reduced foreign competition, which can drive up demand for domestic products and allow domestic industries to expand and increase production.

Authors

• Person: Not available Organization: Oxford Economics
  Tariffs 101: What are they and how do they work? - Oxford Economics

Sources

• Tariffs 101: What are they and how do they work? - Oxford Economics www.oxfordeconomics.com Oxford Economics via serper

Referenced by nodes (1)

• tariff concept