What are some of the harmful effects of tariffs 2024?
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First, raising tariffs will increase the cost of imported products and lead to an acceleration in domestic inflation. A tariff is a tax levied on imports and studies have shown that the lower class and the middle class tend to be hurt disproportionally by higher prices (the tax) than the wealthy.
2023-05-13 14:46:14
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Julian Davis
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First, raising tariffs will increase the cost of imported products and lead to an acceleration in domestic inflation. A tariff is a tax levied on imports and studies have shown that the lower class and the middle class tend to be hurt disproportionally by higher prices (the tax) than the wealthy.