Tariffs raise revenue for the government, raise the price of imports for Canadian consumers, and win votes for politicians from import-competing businesses and workers. However, they also act as a tax that hurts industries and workers from other countries (R.O.W.), leading to potential negative effects on international trade relationships.

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Tariffs

Question 100

Multiple Choice

Tariffs

A) raise revenue for the government.
B) raise the price of imports for Canadian consumers.
C) win votes for politicians from import-competing businesses and workers.
D) are a tax that hurts R.O.W. industries and workers.
E) are all of the above.

Correct Answer: