Posted by Vikki on Wednesday, September 7, 2011 at 5:04pm.
Don't high taxes placed on imports help American businesses?
As far as I know the usual justification given for high import tariffs is to help local manufacturers by making things produced in other countries more expensive here.
(Of course this often backfires because the other countries also raise their tariffs hurting American exports). In the end there is a tendency for everyone to lose.
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