Why Do Countries Impose Tariffs? The Costs and Benefits Explained

Why Do Countries Impose Tariffs? The Costs and Benefits Explained

​In what he called a “Liberation Day” for America, US President Donald Trump announced new tariffs on several countries, aiming to protect domestic industries and reduce trade imbalances. The US has imposed a 34% tariff on Chinese goods, while India faces a 26% “discounted recipro

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 The main goal of tariffs is to protect domestic industries from foreign competition.  world-news World News | Latest International News | Global World News | World Breaking Headlines Today