Are tariffs the same for all countries?
Are tariffs the same for all countries? Tariffs are taxes on imports imposed by a government as a protectionist strategy. Economists often discourage tariffs in favor of free trade since tariffs lead to price inefficiencies and costs to consumers. Less developed countries, such as those in the Caribbean and Africa tend to have the highest levels of tariffs.
Are tariffs different in every country?
Less developed countries, such as those in the Caribbean and Africa tend to have the highest levels of tariffs. Developed countries tend to have lower tariffs, although this is not always the case.