Part of a business owner’s costs, when it comes to pricing, competition, manufacturing, and distribution, are tariffs. Tariffs can be used by a country to increase its revenues or protect its own domestic industries. When expanding internationally, a business owner may run across countries that have tariff and nontariff distortions to trade.
Who benefits from tariffs? ?Producers or consumers? ?Small, developing countries or large, developed countries?
August 3rd, 2017 admin