Purpose of tariffs

Collection of points about the need to impose tariffs by different cournties

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  • Created by: Thushitha
  • Created on: 27-12-12 17:45
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  • Why impose Tariff
    • To protect  domestic firms from foreign competition
      • Especially the infant firms as they are not established
    • To reduce imports
      • Imports< Exports =>+BOP
    • To increase governmentt revenue
    • Protect consumers from harmful products
    • To prevent dumping (selling at a price lower than costs)


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