Purpose of tariffs
Collection of points about the need to impose tariffs by different cournties
- 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)
- To protect domestic firms from foreign competition
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