• JEWEL P JOSEPH
• JOEL MOHAN
• REYONS STEEPHEN
• DAMODHAR JANARTHANAN

Tariffs are taxes imposed by the government on goods and services imported from other countries to protect their domestic goods and services from foreign competition. Tariffs act as a means of restricting trade from particular countries. Imposing or raising tariffs on imports by countries often lead to trade wars. A trade war occurs when one country (country A) imposes tariffs on another country’s (country B’s) imports in retaliation to country B raising tariffs on country A’s imports. The purpose of this paper is to determine the impact of tariffs and trade wars on economies and how it affects imports and exports between countries.

Tariffs, tax, Government. Goods, Services, Competition, Trade War

"IMPACT OF TARIFFS AND TRADE WARS ON ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.102-110, November-2018, Available :http://www.jetir.org/papers/JETIRM006011.pdf

"IMPACT OF TARIFFS AND TRADE WARS ON ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp102-110, November-2018, Available at : http://www.jetir.org/papers/JETIRM006011.pdf