Tariffs cause the most damage to __________, According to the author of the textbook, because this group bears the economic brunt of tariffs.

Question

Quizplus · Accepted Answer

Tariffs increase the price of imported goods, which is paid by consumers. As a result, consumers have less money to spend on other goods, reducing demand and leading to lower profits for producers and retailers. Therefore, consumers bear the economic brunt of tariffs.

Tariffs Cause the Most Damage to __________, According to the Author