Tariffs contribute to higher prices of textile products imported into Canada,but import quotas on textiles brought into Canada do not.

Question

Quizplus · Accepted Answer

Import quotas limit the quantity of textile products that can be imported into Canada, but do not directly affect their price. Tariffs, on the other hand, are taxes imposed on imported goods and increase their overall cost, making them more expensive for consumers in Canada.

Tariffs Contribute to Higher Prices of Textile Products Imported into Canada,but