Tariffs may raise the price that foreign customers must pay for goods produced in the United States, negatively impacting a U.S. firm's ability to be price competitive in those markets.

Question

Quizplus · Accepted Answer

Tariffs imposed on U.S. goods by other countries increase the cost for foreign customers, potentially making U.S. products less competitive in those markets due to higher prices.

Tariffs May Raise the Price That Foreign Customers Must Pay