Other Barriers to Trade

Other Barriers to Trade While this chapter has mainly spoken of tariffs, most points apply equally well to any other impediments ‘to trade. Quotas have much the same effects as tariffs, for they prevent the comparative advantages of different countries from...

Tariffs and Unemployment.

Tariffs and Unemployment. Historically, a powerful motive for protection has been the desire to increase employment during a period of recession or stagnation. Protection creates jobs by raising the price of imports and diverting demand toward domestic duction Figure...

Import Relief.

Import Relief. In the United States and. other countries, firms and workers who are injured by foreign competition attempt to get protection in the form of tariffs or quotas. Today, relatively little direct tariff business is conducted on the floor of Congress....