International Trade Debate

The United States should not restrict trade with foreign countries by placing high tariffs and using quotas on goods in every situation, but sometimes it may be necessary because of the beneficial ending results of adding tariffs or putting quotas on goods or services. As with almost any decision, there are benefits and losses that are associated with each choice. Putting tariffs on goods and using quotas can be beneficial but could also create some significant losses. When considering whether to put tariffs and quotas on goods or not, it is important to remember the strength of a dollar in both domestic and global economies.
International trade is beneficial for all countries included because they are able to receive products that they do not produce efficiently while exporting products that they do produce efficiently. Tariffs can be either good or bad. They should only be used when it is beneficial to the country who is receiving the goods because money is already being taken away from the consumers to pay the higher tariffs, but the government is able to acquire some of the surplus so the money can remain in the country to be used as necessary. Quotas are better when a tariff cannot bring the country much surplus. The negative of tariffs and quotas is the loss that is associated with each action. No matter which action is taken, somebody or some group of people will lose some money. The best way to decide what is best is to compare the potential losses against the potential gains that can be expected with either placing tariffs or quotas on goods from other countries.