Respuesta :
Tariffs raise the price of imported goods in order to protect domestic producers against foreign rivalry. Three basic objectives of tariffs are to produce revenue, protect domestic industries, and eliminate trade imbalances (punitive function).
What two goals did the tariff have?
There are two primary uses for tariffs. These charges allow a country to first raise money. Second, tariffs protect indigenous goods from cheaper imports. Since the United States of America was founded in 1788, numerous American factions have held opposing ideas on the type of economy that the fledgling nation should develop.
The importing countries profit the most from tariffs since they design the policy and receive the cash. The fundamental benefit of tariffs is that they bring in money from the sale of imported goods and services. Tariffs may also serve as a springboard for negotiations between two countries.
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