Tariff: a scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer

Summary

This quote refers to tariffs, which are taxes imposed on goods imported into a country. The quote suggests that tariffs are implemented to safeguard domestic producers by discouraging consumers from purchasing foreign goods due to the higher prices, protecting the local industry from excessive competition and potential exploitation by consumers seeking cheaper imports. It implies that tariffs work as a protective measure, allowing domestic producers to maintain their market share and profitability.

Topics