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Benefits of Tariffs to each Category of Stakeholders

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This post shows the benefits of import tariffs.

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The benefits of tariffs to each category of stakeholders is articulated.

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I outline the benefits of tariffs to each category of stakeholders:

Domestics Producers: Biggest Beneficiaries

Tariffs provide some protection to the domestic producers from the low cost competition for foreign producers. Tariff will make imports look costlier as against the domestic products.

1. Tariffs will help producers in US to compete against the low cost producers such as China and Taiwan. This may be good to protect the domestic industry from the short term low cost dumping of ...

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