Tariffs designed to protect domestic industries can often end up penalizing domestic consumers.

Name: Tariffs designed to protect domestic industries can often end up penalizing domestic consumers.
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Question

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Tariffs on imported goods can lead to higher prices for consumers, as domestic companies facing less competition can increase their prices, and the cost of the tariffs can be passed on to consumers through higher prices for the imported goods.

Tariffs Designed to Protect Domestic Industries Can Often End Up