Tariffs and duties are often used to force favorable trade behaviors from other nations.

Question

Quizplus · Accepted Answer

Tariffs and duties are taxes imposed on imported goods, which can make them more expensive and less competitive in the domestic market. Other countries may then be incentivized to adjust their trade behaviors in order to avoid or lessen these tariffs and duties. Therefore, tariffs and duties can be used as a tool to influence trade relationships and encourage more favorable behavior from other nations.

Tariffs and Duties Are Often Used to Force Favorable Trade