International Trade Debate
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- Category: Politics: Economics
- Date Submitted: 09/18/2011 05:13 PM
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International Trade Debate
Joseph F. Jasso
XECO/212
September 15, 2011
International Trade Debate
United States must place high tariffs and use quotas to restrict trade with foreign countries, I believe that the U.S needs to do what it needs to do to get our economy back up there and stable again.
Our dollar is declining, as this happens it makes U.S produced goods cheaper and more competitive when compared to foreign produced goods, this helps U.S exports, boosting economic growth, but it does lead to higher oil prices in the summer, whenever the dollar declines, oil producing countries raise their prices because they know we need the oil and they can get a pretty penny for it.
I believe that the tariffs could be harmful to both the countries , the one that imposes it and to the its imposed on, the impact on both causes a net loss to both countries, we impose tariffs so that we protect are domestic workforce from losing jobs and to keep the American people from buying are goods that are imported, now when a tariff is imposed on the American made goods we have to sell are goods at a higher price in order to cover that tariff, as it is it is already costly to manufacture so to have to raise the price , having to manufacture at a higher price would probably cause the companies to shut down, because they wouldn’t be able to manufacture at a low cost, benefits of tariffs would be that a foreign country would be charged a tariff which would bring money into the economy, and no matter how much an item cost people will still buy it.
Joseph F. Jasso
XECO/212
September 15, 2011
International Trade Debate
United States must place high tariffs and use quotas to restrict trade with foreign countries, I believe that the U.S needs to do what it needs to do to get our economy back up there and stable again.
Our dollar is declining, as this happens it makes U.S produced goods cheaper and more competitive when compared to foreign produced goods, this helps U.S exports, boosting economic growth, but it does lead to higher oil prices in the summer, whenever the dollar declines, oil producing countries raise their prices because they know we need the oil and they can get a pretty penny for it.
I believe that the tariffs could be harmful to both the countries , the one that imposes it and to the its imposed on, the impact on both causes a net loss to both countries, we impose tariffs so that we protect are domestic workforce from losing jobs and to keep the American people from buying are goods that are imported, now when a tariff is imposed on the American made goods we have to sell are goods at a higher price in order to cover that tariff, as it is it is already costly to manufacture so to have to raise the price , having to manufacture at a higher price would probably cause the companies to shut down, because they wouldn’t be able to manufacture at a low cost, benefits of tariffs would be that a foreign country would be charged a tariff which would bring money into the economy, and no matter how much an item cost people will still buy it.