Tariffs to limit imports to "protect Canadian jobs" will also

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Quizplus · Accepted Answer

Tariffs to limit imports will also limit exports as other countries may retaliate by imposing their own tariffs on Canadian goods, making them less competitive in global markets. Tariffs may not necessarily stimulate exports as they can make Canadian goods more expensive for foreign buyers. Tariffs will also likely increase import prices and may reduce domestic production of importables as companies try to find alternatives to imported goods. However, the main effect of tariffs will be to limit imports, which is the stated goal of "protecting Canadian jobs".

Tariffs to Limit Imports to "Protect Canadian Jobs" Will Also