Question

topic: international Marketing

Discuss the role of tariffs in international trade. Do you believe that tariffs are good for / (bad) for U.S. trade? Support your opinion. Must be two paragraphs

Answer 1

International trade is the trade across national boundaries. Tariffs are taxes imposed by the government on international trade. It is levied on both imports and exports.

• Imposition of tariffs leads to changes in the products imported and exported
• Imposing of tariffs can control the international trade
• It serves as a source of revenue for the country
• Imposing of import tariffs are done to control the imports and thereby protects the domestic industry
• Tariffs are used to solve the distortions in international trade

One disadvantage is that if one country charges tariffs, the other countries also charge the same for the trade between them. But still countries impose it.

It is good to impose tariffs for U.S trade. Because it is good to have control over the international trade especially on imports. Moreover it is a source of revenue for the country.