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Benjamin Harrison Campaign Handkerchief, 1888
Benjamin Harrison Campaign Handkerchief, 1888

Trade Barriers


The reasons trade barriers and tariffs are used.
1. Protecting Domestic Employment - Attempt to keep labor and industry confined instead of moving across borders for cheaper labor.
2. Protecting consumers - Tax could be used on products that may be harmful for its consumers
3. Infant Industries - Helps struggling economies and helps bolster prices by not allowing companies to undercut competitors.
4. National Security - Protect certain industries that are deemed strategically important.
5. Retaliation - Countries may set tariffs against others if they feel a trading partner has not played by the rules.


Reed Smoot and Willis Hawley
Reed Smoot and Willis Hawley

Tariffs

Dictionary Definition - a schedule of duties imposed by a government on imported or some countries exported goods.

A tariff has been likened to a "tax on consumers and a subsidy to producers."

General information on Tariffs

Tariff Debates in American History

Tariff of 1816. See also this background on the Tariff of 1816

Smoot-Hawley Tariff of 1930

Tariffs and Quotas explained click here

How tariffs and quotas affect trade

Impacts of quotas and tariffs click here
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Quotas


Definition
a restriction placed on the amount of a particular good that can be imported. This sort of barrier is often associated with the issuance of licenses. For example, a country may place a quota on the volume of imported citrus fruit that is allowed.
Read more: http://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp#ixzz1tXJb7Q82


Commodities Subject to Import Quotas, U.S. Customs and Border Protection

For a brief explanation of quotas click here

Immigration quotas:
The Chinese Exclusion Act of 1882
The Immigration Act of 1924 (Johnson-Reed Act)
The Immigration and Nationality Act of 1952 (the McCarran-Walter Act)





Screen Shot 2017-02-24 at 12.30.24 PM.pngLimiting Trade Lesson Plan




Sources
http://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp#axzz1tXITfrgF
http://www.merriam-webster.com/dictionary/tariff
http://www.merriam-webster.com/dictionary/quota

Pictures
Barrier to Trade Picture
Tariff Picture
Quota Picture