What are tariffs? How do they impact the economy?

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08-01-2018
Business

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What are tariffs? How do they impact the economy?

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Ayesha012 Ayesha012 · Answer 1 · 2018-01-08T22:37:21+01:00

Ayesha012 Ayesha012

08-01-2018

It is a tax or duty to be paid on a particular class of imports and exports. It increases government revenues that can be used to the benefit of the economy.

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