Assume that a tariff is imposed on Canadian imports into the United States. This tariff is likely to _____ American producers and _____ Canadian producers.

Question

Quizplus · Accepted Answer

Tariffs on imports are designed to protect domestic industries by making foreign products more expensive, thus benefiting American producers. However, they penalize Canadian producers by making their goods less competitive in the American market.

Assume That a Tariff Is Imposed on Canadian Imports into the United