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What is the purpose of a protective tariff?

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Protective tariffs are imposed on imported products so as to protect local businesses and the domestic market. As a result of such an imposition, there is growth in domestic consumption and local industries. read more

It is a tax on imported goods (or goods that come into the country).So, a protective tariff would be one that protects the country from foreign competition. For example, the tariff of 1828. read more

The purpose of a protective tariff is to protect domestic industry from foreign compitition. Say that it cost your country $10.00 to produce a widgit and your neighbour can produce and deliver one for $7.00. read more

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