Question

How do tariffs benefit United States businesses?
A.
Tariffs slow down production in foreign nations, allowing the U.S. to produce at a faster rate.
B.
Tariffs allow U.S. businesses to pay employees overseas less money than American employees.
C.
Tariffs make foreign goods more expensive, which allows U.S. sellers to be more competitive.
D.
Tariffs enable U.S. businesses to purchase foreign products at a less expensive rate.

Answer 1

Answer:

Tariffs are taxes on imports. They effectively raise the prices of those imports, providing an edge to domestic companies in the same markets. Governments usually impose tariffs to help domestic companies, or sometimes to punish foreign competitors for unfair trading practices. However, tariffs can also have harmful consequences for domestic companies, especially ones in related industries, as well as consumers.

Explanation: