E.7.3+Define+trade+barriers,+such+as+quotas+and+tariffs





Trade Barriers
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.
 * The reasons trade barriers and tariffs are used.**



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]
 * Tariffs Raised 30 percent of government revenue in 1912, now raise 1 percent

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]

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)


 * [[image:Screen Shot 2017-02-24 at 12.30.24 PM.png link="@http://ecedweb.unomaha.edu/lessons/foegactivity1.htm"]]Limiting Trade Lesson Plan**

Sources [|http://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp#axzz1tXITfrgF] [] []

Pictures [|Barrier to Trade Picture] [|Tariff Picture] [|Quota Picture]