Tariffs benefit all of society.

Name: Tariffs benefit all of society.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

Tariffs may benefit domestic producers by protecting them from foreign competition and increasing their profits, but they ultimately harm consumers by raising prices, reducing choices, and decreasing overall economic efficiency. Additionally, tariffs often lead to retaliatory measures by other countries, hurting global trade and relations. Thus, tariffs do not benefit all of society.

Tariffs Benefit All of Society