If the United States were to impose 100 percent tariffs on imports of Chinese shrimp, what would most economists conclude?

Question

Quizplus · Accepted Answer

Most economists would argue that imposing high tariffs is not justified in terms of economic well-being because it can lead to higher prices for consumers and inefficiencies in the market. However, such a decision might be made for political reasons, such as protecting domestic industries or responding to trade imbalances.

If the United States Were to Impose 100 Percent Tariffs