Trade Barriers In The United States
statement and explain your position.
For those who are not aware, trade barriers are a type of government-induced restrictions on international trade. In most instances, trade barriers work on the same principle; the imposition of some sort of cost on trade that raises the price of the traded products. Most of the time these trade barriers come in the form of a tariff, where the product is taxed. In some places trade barriers are good, and in others they are bad, but regardless, I would have to agree that trade barriers have continually begun to come down all over the world, and more notably in the United States. Recently, with the Trump presidency, he has talked a lot about increasing trade barriers and tariffs in order to reenergize the U.S. economy, promote businesses to manufacture and sell their products in the …show more content…
market, and to put “America first”. Many people are for the idea of increased trade barriers due to the fact that it will help urge more companies who leave the U.S., manufacture their products in countries where it is cheaper, and then sell their products back to the U.S., to instead stay in the U.S. and produce products domestically. Others argue that increasing these trade barriers will effectively hurt the U.S. economy, insisting that increased tariffs will increase prices of products, and hurt the wallets of the American consumer. Additionally, they argue that if the U.S. were to increase tariffs and barriers on other nations, those countries will turn around and increase their trade barriers, effectively hurting U.S. based organizations who export goods to foreign markets. I agree with the fact that trade barriers are coming down all over the world, but I feel the way in which barriers are set, and utilized by countries, must be done strategically, and with consumers in mind. It’s imperative to weight the positive outcomes with
For those who are not aware, trade barriers are a type of government-induced restrictions on international trade. In most instances, trade barriers work on the same principle; the imposition of some sort of cost on trade that raises the price of the traded products. Most of the time these trade barriers come in the form of a tariff, where the product is taxed. In some places trade barriers are good, and in others they are bad, but regardless, I would have to agree that trade barriers have continually begun to come down all over the world, and more notably in the United States. Recently, with the Trump presidency, he has talked a lot about increasing trade barriers and tariffs in order to reenergize the U.S. economy, promote businesses to manufacture and sell their products in the …show more content…
market, and to put “America first”. Many people are for the idea of increased trade barriers due to the fact that it will help urge more companies who leave the U.S., manufacture their products in countries where it is cheaper, and then sell their products back to the U.S., to instead stay in the U.S. and produce products domestically. Others argue that increasing these trade barriers will effectively hurt the U.S. economy, insisting that increased tariffs will increase prices of products, and hurt the wallets of the American consumer. Additionally, they argue that if the U.S. were to increase tariffs and barriers on other nations, those countries will turn around and increase their trade barriers, effectively hurting U.S. based organizations who export goods to foreign markets. I agree with the fact that trade barriers are coming down all over the world, but I feel the way in which barriers are set, and utilized by countries, must be done strategically, and with consumers in mind. It’s imperative to weight the positive outcomes with