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Helps domestic producers - PowerPoint PPT Presentation

Tariffs

Tariffs. Oldest, easiest to recognize forms of trade policy Specific = amount on each unit $10/ton of tea Ad valorem = percentage of value 5% of import value Raise cost of foreign goods for consumers. Raise revenue Benefit domestic producers. Hurt domestic consumers with higher prices

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Helps domestic producers - PowerPoint PPT Presentation

Tariffs