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Categories:
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unemployment
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economy
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investments
by
Shrey Jadav
1 month ago
34
Tarrifs
Economic policies such as tariffs can significantly impact a country's economy. When a country imposes tariffs, it can lead to reduced trade with other nations, causing a shortage of specific products.
Open
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Tarrifs
Economic growth goes down
Factories and business will reduce productions leading to job loss
People will start to save more money
People on companies may stop investing money
Cost increases for businesses
They might increase the prices of their products
Businesses may shut down
People start losing jobs
Country fights back
There will be low suppliy on specific products
Less Trades occurs
Price rises for customers
People will start buying cheaper products
Risk of homlessnes increases