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Jun 12, 2024

[Answer] What is a tariff?

Step 1 : Introduction to the question "What is a tariff?"

...A tariff is a tax on goods imported from one country to another. Tariffs have a long history in the U.S. In fact, the first major piece of legislation ever passed by Congress was the Tariff Act of 1789 to raise revenue for the new U.S. government. Tariffs often protect domestic industries from foreign competition but can also be used as political weapons against other nations.

Step 2 : Answer to the question "What is a tariff?"

A tax on imports:

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Step 3 : Disclaimer & Terms of Use regarding the question "What is a tariff?"

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