there were a lot more oppertunistic jobs. and it provided the govermant with a lot more profit. easy answer for easy question.
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
There are many situations that would encourage the European Union to put tariffs on imports. A good example is when the imports pose a threat to the local productions.
subsidies for domestic producers
No, the opposite is true. Tariffs raise the price of foreign goods compared to domestic goods. Because of this, tariffs reduce imports.
Advantages:Tarrifs reduce international competition against small firms, businesses and workers in the country where tariffs are placed on imports, so those small firms can stay and provide jobs and incomes for the country's citizensBalance of trade deficit is made less prominentPrices of imports become expensive so people would opt for local goodsTariffs are a kind of tax, so it is still a source of income for the governmentDisadvantages:The countries and the multinational companies might be discontented with their products being charged higher and will stop supplyingIf the tariff is to high, imported inflation will occur (prices of imports will rise continuously)Tariffs mean an additional cost to the producer of goods as they must now pay a greater percentage of the value of their goods on tariffs placed on the goods that they import into a country
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
duties
imported goods such as trading and imports
Tariffs are taxes imposed on Imports and Exports.
Protective tariffs
There are many situations that would encourage the European Union to put tariffs on imports. A good example is when the imports pose a threat to the local productions.
subsidies for domestic producers
tariffs
tariffs
They hated tariffs. All they were making was cotton. Tariffs increased the cost of imports.
tariffs on imports