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what is a tariff| Types, Effects, advantage and disadvantage of tariff.

what is a tariff| Types, Effects, advantage and disadvantage of tariff. #types #tariff #effects #advantage Welcome to our video on tariffs! In this video, we'll explain what a tariff is, how it works, and its impact on international trade. A tariff is a tax imposed by a government on imported goods or services. It's a common tool used by governments to regulate international trade, protect domestic industries, and raise revenue. But tariffs can also have negative effects, such as increasing prices for consumers and sparking trade wars. We'll cover the different types of tariffs, including ad valorem tariffs, specific tariffs, and compound tariffs. We'll also discuss the benefits and drawbacks of tariffs, and provide examples of how they've been used in real-world trade agreements. Topics covered: What is a tariff? Types of tariffs (ad valorem, specific, compound) How tariffs work Benefits and drawbacks of tariffs Examples of tariffs in real-world trade agreements Watch this video to: Understand the basics of tariffs and international trade Learn how tariffs can impact businesses and consumers Gain insights into the complexities of trade policy Subscribe to our channel for more educational videos on economics, trade, and finance! Like and comment below to let us know what you think about this video! #Tariff #InternationalTrade #TradePolicy #Economics #Finance