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  • 20-12-2017
  • English
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In two or three sentences give two disadvantages of a tariff

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  • 20-12-2017

Tariffs always force a trade off between industry and consumers. Another disadvantage of tariffs is that other countries usually retaliate. They raise tariffs on similar products to protect their own domestic industries. That leads to a downward economic spiral, as it did during the Great Depression of 1929.

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