A Summative Tariff In The United States

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The tariff is tax added to the cost of goods imported from another country. Duties are also levied in order to raise government revenue or to contract an unwanted activity in tax. Tariffs helped them compete with British factories. The rate of tariff varies by industry. Protective tariff is a responsibility levied on imports to raise their price, making them less attractive to consumers and thus protecting domestic industries from foreign competition. The tariffs were popular in areas like Pennsylvania and New York due to the speedy development of manufacturing industry. Today, many countries have high taxes and duties, and some have low taxes and duties. If your product is primarily made in the U.S. originating components may qualify for duty

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