What Are Tariffs? | History, Uses, Types, Pros & Cons
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financestrategists.com
What Are Tariffs? | History, Uses, Types, Pros & Cons
A tariff is a government-sanctioned tax applied to specific goods imported from another country. Tariffs may be used to raise revenue (revenue tariff), protect domestic industries, or exert political leverage over another country. Tariffs are levied either as a percentage of the value of the item, called an ad-valorem Tariff, or as a fixed fee ...
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