Why are import tariffs used by governments?

Import tariffs are used by governments primarily to balance trade advantages. When imposed, these tariffs increase the cost of imported goods, making them less competitive compared to domestically produced items. This helps protect local industries from foreign competition, allowing domestic businesses to thrive and maintain jobs. By balancing the scales, tariffs aim to create a more level playing field for local products, which can enhance economic stability within the country.

While promoting international tourism, preventing all imports, or enhancing competition in export markets are considerations in broader economic policy, they do not specifically capture the fundamental purpose of import tariffs. The main aim is to regulate the flow of foreign goods in a way that supports domestic economic interests.