3 ms·
The goal of tariffs is to strengthen your own domestic manufacturing economy. Under high tariff regime, domestic manufacturing gets a pricing advantage over imp
by vesinisa 1y ago
The goal of tariffs is to strengthen your own domestic manufacturing economy. Under high tariff regime, domestic manufacturing gets a pricing advantage over imported goods. The best scenario is if you can get other countries to not place reciprocal tariffs on your goods - meaning foreign companies are disadvantaged in your home market but your companies have uninhibited access to the consumers abroad.