Answer :
When a large country levies a tariff on imports, this causes the world price of the imported good to rise: harmful, beneficial.
When a large country imposes a tariff on imports, it raises the price of the imported good in the domestic market. This increase in price occurs because the tariff adds an additional cost to the imported product. As a result, the world price of the imported good rises.Domestic consumers have to pay more for the imported product, which reduces their purchasing power and potentially lowers their welfare.
On the other hand, the impact of the tariff on the foreign exporting country can be seen as beneficial. The higher price resulting from the tariff allows the exporting country to earn more revenue from its exports. The foreign producers may benefit from the tariff by capturing a larger share of the profits.
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