In 2014, tire industry lobbyists pressured the United States government to consider imposing an additional tariff of up to 86% on top of the current 4% tariff on imported Chinese-made tires. The loss that is associated with fewer transactions occurring because of the tariff is called

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The loss associated with fewer transactions due to a tariff is known as deadweight loss. This occurs because the tariff raises the price of goods, reducing the quantity of goods bought and sold, leading to inefficiencies in the market.

In 2014, Tire Industry Lobbyists Pressured the United States Government