Tariffs imposed on imports can have unpredictable results
Very few countries can singularly focus on domestic industries. Our global economy requires interactive operations. However, when tariffs/duties are imposed on a country or specific imports, the goal is using to stimulate domestic production. Local businesses and industries can capitalize on this move and can properly compete with foreign prices.
But do tariffs do more harm than good? Experts are weighing in - it all depends on the situation.
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