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Tariffs And Trade Restrictions To Save Jobs
Beginning of essay
Pick up a newspaper, especially during a recession or other high unemployment times, and you will probably find at least one article a month about an industry complainig about "unfair" competition from foreign suppliers. If foreign brands were restricted in supply, the argument goes, this would le ....
Middle of essay
..... Effectively, this places a tax on imports and gives an advantage to American producers. The North American Free Trade Agreement (NAFTA), the General Agreement on Tariffs and Trade (GATT), and other similar trade agreements have focused on reducing tariffs and quotas, but have left the issue of quality standards relatively untouched.
So why don't protective tariffs and quotas save American jobs? Let's approach the question step by step. Such restrictions restrict supply and drive up the market.... |
| Number of words: 1241 |
Approximate pages: 5 |
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