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Since the case for gains from trade for a country is strong, why do governments continue to attempt to reduce trade with tariffs, quotas, and the like?

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Since the case for gains from trade for a country is strong, why do governments continue to attempt to reduce trade with tariffs, quotas, and the like?

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Government attempt to reduce trade with import tariffs and restrictions like quote to protect their domestic industries and businesses from foreign competition. By levying these restrictions, government attempts to provide a level playing field for domestic ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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