Good with Imposed Tariff.
Not what you're looking for?
Answer the following question in 400 words, with in text citation and 2 references
Conduct a web search seeking a current event related to a good that has an imposed tariff or quota placed on it. Discuss the relevance of the article to international trade. How does the flow of this item, product, or good, or lack thereof, specifically affect international business? Explain. Discuss how what you found is similar or different to how the tariff is on cocoa beans coming from Africa.
Purchase this Solution
Solution Summary
Tariff on a good and its implications on international trade.
Solution Preview
For Instructional Purpose. Please Use any Good of Your Choice.
A tariff is a charge (tax) levied by government of a country on the importation of goods that are brought into its country from another nation. The tax could be as little as minute percent of the price of a specific good to 100% or more than 100% of the amount of a specific good. Eventually, the charge moves onward to consumers and results in high costs (Hill, 2015, p. 1). For example, in a current article, up to 70% tax is currently enforced by the U.S. International Trade Commission (ITC) on few Chinese photovoltaic (PV) panels manufactures (Mearian, 2015, p. 1). The article indicates that the PVs in question are immensely saturating the U.S. market and very less priced than PVs made in America. The relevance of the article to international trade is that the ...
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.