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According to Chad Bown in the video, what role do tariffs play in a trade war? Tariffs are a tax on goods that are produced
According to Chad Bown in the video, what role do tariffs play in a trade war?
Tariffs are a tax on goods that are produced outside of the country, in a specific place
Tariffs generate revenue for the country that pays them
Tariffs are unlike taxes and are paid by exporters
Tariffs benefit the importing country's consumers by lowering the prices of imported goods
Tariffs promote goodwill between trading partners
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