Tariffs
Can someone please help me with the following question. I am really confused with it.
In the 1950's, Ford and General Motors established a small-car producing industry in Australia and argued for a high US tariff on car imporrts. The tariff has remained through the years. In 2000, the tariff was cut from 22.5 percent to 15 percent. What might have been the argument for the high tariff? Is the tariff the best way to achieve the goals of the argument?
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