What is the immediate effect of increasing tariffs in a
Country on its economy?

Name: What is the immediate effect of increasing tariffs in a Country on its economy?
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Question

Quizplus · Accepted Answer

Increasing tariffs make imported goods more expensive, which reduces the demand for them and ultimately reduces the volume of imports. This can have a negative impact on the economy if the country is heavily reliant on imports for certain goods or if it leads to retaliation from other countries.

What Is the Immediate Effect of Increasing Tariffs in a