To reduce competition from imported goods by making them more expensive
Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?"
People in the south imported goods from Europe a lot. The tarrrif made it more expensive to import goods from out of the country.
A high tariff to limit foreign competition is called a protective tariff.
Yes, he did.
The tariff of 1857 lowered considerably the Walker Tariff of 1846 to an average of 17%. It lasted for three years until it was raised by the Morrill Tariff of 1861.
Sometimes a country suffering from a protective tariff will enact a tariff of its own on a product.
protective tariff
A tax on imports that was made for no reason.
A retaliatory tariff is a tax that is imposed by one country because Another Country increased their tax rate. This is an act that is done in retaliation.
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
It is tariff.
tariff
he changed the country
There isn't one.
A tariff adds value to the Gross Domestic Product on imports.
Tariff
Tariff.