Low tariffs benefit American businesses by allowing them to sell their products overseas at a competitive price,whereas high tariffs can help American manufacturers charge lower prices than foreign competitors.

Question

Quizplus · Accepted Answer

Low tariffs allow American businesses to sell their products at a competitive price in foreign markets, which can increase their sales and profits. On the other hand, high tariffs on foreign goods can give American manufacturers a competitive advantage by restricting imports and allowing them to charge lower prices.

Low Tariffs Benefit American Businesses by Allowing Them to Sell