When can a country gain a price advantage on imports by imposing a tariff?

Question

Quizplus · Accepted Answer

If a country can impose a tariff without other countries retaliating with tariffs, then it can gain a price advantage on imports because the producer of the imported good will face higher costs, which may make it less competitive in the domestic market. However, if other countries respond with their own tariffs, then the price advantage may disappear or even turn into a disadvantage due to higher costs of imported goods.

When Can a Country Gain a Price Advantage on Imports