Taxes put on goods that come into or go out of the country?

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2026-04-17 08:25

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Taxes imposed on goods that enter or leave a country are known as tariffs. These tariffs are used to regulate international trade by making imported goods more expensive, thereby encouraging consumers to buy domestically produced items. Tariffs can also serve as a source of revenue for governments and can be used as a tool for protecting local industries. However, they may lead to trade disputes and can affect global supply chains.

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