What is the main objective of import tariffs?

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The main objective of import tariffs is to protect the importing nation's labor force and industrial sector. By imposing tariffs on imported goods, a country raises the cost of those products compared to domestic goods. This additional cost can deter consumers from purchasing imports, thereby encouraging them to opt for locally produced goods. As a result, domestic industries can thrive because they face less competition from cheaper imported products.

This protective measure aims to support local jobs and industries by creating a favorable environment for them to grow and develop. With reduced competition from abroad, domestic businesses are given a better opportunity to establish themselves in the market, potentially increasing employment levels and enhancing economic growth within the country.

Other responses may touch on aspects related to international trade or competition, but they do not accurately capture the primary function of tariffs, which is centered around protectionism and safeguarding the local economy.

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