Name Twinkle Killa

25180
International Business

Higher Tariffs will Protect Domestic Manufacturers

1. Increasing Tariffs on import goods will definitely help the domestic manufacturers in
the short run to have a competitive edge over their global competition.
2. Import taxes can raise consumer prices and not only on the targeted imports
3. They mostly protect weak companies that show be allowed to fail and erode the
competitiveness at a longer term of the viable companies as those companies aren’t
forced to compete on an even playing field with different foreign firms.