Economically speaking, tariffs:

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Tariffs limit voluntary exchanges by making imported goods more expensive, thereby reducing the amount of trade between countries. This can harm both foreign producers and domestic consumers. While tariffs may protect certain domestic producers of goods, they also harm others who rely on imported inputs and compete with foreign goods. Additionally, tariffs can lead to retaliation from other countries, which can harm exports and further limit economic growth.

Economically Speaking, Tariffs