Tariffs—taxes on imported goods—have long served as tools for governments to shape trade policy, protect domestic industries, and generate revenue. But like any economic lever, they come with both advantages and drawbacks. Pros of Tariffs: Cons of Tariffs: Bottom line: Tariffs are neither inherently good nor bad—they’re tools. When used strategically and sparingly, they can … Continue reading The Pros and Cons of Tariffs: A Double-Edged Sword in Global Trade