3min chapter

The Briefing Room cover image

Explainer: What is a Tariff?

The Briefing Room

CHAPTER

The Impact of Trade Dynamics on Domestic Industries

This chapter explores the complexities of international trade, focusing on the effects of cheaper foreign goods on local industries in the U.S. It delves into the ongoing debate between the advantages of free trade and the necessity of protecting domestic jobs, while addressing issues like 'dumping' and the intricacies of fair competition.

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