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Tariff on imports

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"A tariff on imports of a product hurts domestic consumers of this product more than it benefits domestic producers of the product." Do you agree or disagree? Explain why you do/don't.

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I think that a tariff on imports of a product hurts both domestic consumers of the product and domestic producers of the product. This is because by imposing a tariff on the product, consumers are deprived of their right of access to the best products available on the market. In addition, because of the imposition of the tariff, consumers have fewer choices of the brand. Furthermore, tariffs reduce the ...

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Edwin Sinclar, MBA
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  • MBA, Aspen University
  • Bachelor of Science , Berea College
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