Answer: Tariffs raise prices on goods that are imported into a country
Explanation: Tariffs are used by government to provide security for industries producing goods and services that are substitutes with goods and services imported from abroad. It’s act as a trade protectionist barrier. Tariffs increases the prices of goods and services that are imported into the country. Government places high tariffs on goods and services that compete with locally made ones , consequently, it’s affect the prices of imported goods and services to be high.
