Analyze the impact of trade restrictions on international trade.© BrainMass Inc. brainmass.com October 9, 2019, 8:18 pm ad1c9bdddf
Trade restrictions can take the form of a tariff, with taxes imports, or a quota, which limits the amount of the imported good. Tariffs are a form of taxation which benefits domestic manufacturers at the expense of the consumer. They pay a higher price than would have been the case had no duty been imposed on the importer. Another consumer group is the one which buys an American product at a high price which is protected by the tariff. Were there no tariff, the domestic firms would either be forced to lower their prices or shift to some line of production in which they could compete ...
The expert analyses of the impact of trade restrictions on international trade.