Not only for foreign goods. If there's a tax on imported X, domestic X producers can now charge more because the foreign producers must raise their prices to pay for the tax.
Another way to look at it is that any tariff reduces foreign competition, with all the knock-on effects that implies.
Not only for foreign goods. If there's a tax on imported X, domestic X producers can now charge more because the foreign producers must raise their prices to pay for the tax.
Another way to look at it is that any tariff reduces foreign competition, with all the knock-on effects that implies.