Supply Chain Disruption: Tariffs and Their Global Impact

Definition and Purpose of TariffsTariffs, at their core, are taxes imposed by governmentson imported goods. This financial mechanism servesmultiple purposes, primarily aimed at regulating foreigntrade and protecting domestic industries from foreigncompetition. By increasing the cost of imported goods, tariffs create a price advantage for domesticallyproduced items, encouraging consumers to buy local.This protective measure can be particularly crucial foremerging industries that might struggle to competeagainst established international players. In essence, tariffs are not merely financial tools; they play a pivotalrole in shaping the economic landscape of nations

• | Author: Sarah Ellen Evans
• | Publisher: Independently Published
• | Publication Date: Apr 05, 2025
• | Number of Pages: 00170 pages
• | Binding: Paperback or Softback
• | ISBN-10: NA
• | ISBN-13: 9798316849482