as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain why a country may use tariffs
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a country may use tariffs to protect domestic industries, by making imported goods more expensive, and thus making domestic goods more competitive. tariffs can also be used to raise revenue for the government, or to protect national security. additionally, tariffs may be used as a form of political retaliation when other countries are accused of unfair trade practices.
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