Who benefits from a tariff on a good?

Name: Who benefits from a tariff on a good?
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

Domestic producers of the good benefit from tariffs as it raises the price of imported goods, making domestic goods more competitive. This can lead to increased profits for domestic producers and the potential for job creation in the domestic industry. However, tariffs can also lead to increased prices for domestic consumers and potential retaliation from foreign governments through their own tariffs on domestic goods.

Who Benefits from a Tariff on a Good