Taxes imposed on imported goods so that the price of imported goods increases to the level of domestic goods are known as:

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Tariffs are taxes imposed on imported goods to make their prices competitive with domestic products. This can encourage consumers to buy domestic goods instead of imports, protecting domestic industries and jobs. Quotas limit the quantity of imported goods allowed into a country, while levies and embargoes are other types of trade barriers. Sanctions are penalties or restrictions placed on a country as a form of political pressure, rather than a trade barrier.

Taxes Imposed on Imported Goods So That the Price of Imported