“Tariffs harm growth and invite evasion”
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Tariffs are taxes on imported goods designed to protect domestic industries and raise government revenue. Economists debate their effects: supporters argue they shield American workers and manufacturers from foreign competition, while critics contend they raise consumer prices, invite retaliation, and reduce overall economic efficiency. The debate intensified after 2024 as the Trump administration implemented significant tariffs on major trading partners, making this a central question in contemporary economic policy.