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what are the socioeconomic impacts of high tariffs on imports and exports for the US economy,...

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Finance

what are the socioeconomic impacts of high tariffs on importsand exports for the US economy, and then the consumer? Related tofinance.   Please elaborate your answer.

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3.7 Ratings (440 Votes)
US Economy is a major Exporter to Technology and Consumer Goods Eg Cars Heavy Machinery If the Exports are taxed the cost of goods increase hence less takers of that product Eg If bike manufacturer Harley Davidson is taxed 50 to    See Answer
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