👉 Overtariffs are a type of tariff that applies to goods or services imported into a country, with the intention of increasing revenue for the government. This can be done through various means such as imposing higher duties on imports and levying tariffs on certain products. Overtariffs can have both positive and negative effects on an economy. On one hand, they can increase revenue for the government by boosting domestic industries that are dependent on imported goods. However, overtaxing may also lead to increased prices for
