isolationism and restrictions in trade n.
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Isolationism and restrictions in trade - PowerPoint PPT Presentation


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Isolationism and restrictions in trade. 3 main ways nations restrict trade. Tariffs —taxes on imports Revenue tariff is designed to raise money for government Protective tariff is designed to raise the price of imported goods.

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Presentation Transcript
3 main ways nations restrict trade
3 main ways nations restrict trade
  • Tariffs—taxes on imports
    • Revenue tariff is designed to raise money for government
    • Protective tariff is designed to raise the price of imported goods
slide3

What would be the result of taxing imports on domestic products? Would there be more or less? Would this be good for the economy?

protectionism
Protectionism
  • -the idea that the US should have more trade restrictions
reasons for protectionism
Reasons for protectionism
  • Job security (less competition means more jobs)
reasons for protectionism1
Reasons for protectionism
  • National Security—the belief that more international trading is bad for our security
reasons for protectionism2
Reasons for protectionism
  • Small businesses in the US would not be able to compete with large international companies