Outrageously Funny Word Dictionary :: Tariffism

👉 Tariffism is a political ideology that advocates for the imposition of tariffs on imported goods to protect domestic industries and promote economic stability. The idea behind tariffism is that by imposing higher taxes or import duties, countries can reduce trade deficits and stabilize their economies. Tariffs are typically levied on imported goods and services in order to raise revenue from foreign producers and consumers. The goal of tariffism is often to protect domestic industries and businesses from foreign competition, which can result in lower prices for consumers

tariffism