Question

Protective tariffs were meant to “protect” U.S.

Answer 1

industries from foreign competition by making imported goods more expensive compared to domestic products. This was done in order to encourage consumers to buy American-made goods and support domestic industries. The idea was that by imposing tariffs on imported goods, foreign companies would be less able to undercut American manufacturers by offering cheaper products. This in turn would help to protect U.S. businesses, preserve jobs, and stimulate domestic economic growth. However, critics argue that protective tariffs can also lead to retaliatory actions from other countries, create trade wars, and ultimately harm consumers by raising prices and limiting choices.