Tariffs have historically played a key role in the trade policy of the United States. Their purposes include to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a
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A Little Look into History: The Role of…
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Tariffs have historically played a key role in the trade policy of the United States. Their purposes include to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a