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How do tariffs impact the economy?

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How do tariffs impact the economy?
posted Sep 5, 2017 by anonymous

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1 Answer

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Domestic producers face less competition than they otherwise would; you'd expect higher prices and lower rates of product innovation for protected goods and services for domestic consumers. Domestic producers continue to employ folks, which puts upward pressure on the price of labor

answer Sep 8, 2017 by Prajwal C.m.