Posted: September 13th, 2017

How do countries use tariffs to increase revenues or protect industries?

Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Part of a business owner’s costs when it comes to pricing, competition, manufacturing, and distribution are tariffs. Tariffs can be used by a country to increase its revenues or protect its own domestic industries. When expanding internationally, a business owner may run across countries that have tariff and nontariff distortions to trade.

Discuss the following issues regarding tariffs:

• How do countries use tariffs to increase revenues or protect industries?
  • How do they affect exports?
• Who benefits from tariffs?
  • Producers or consumers?
  • Small, developing countries or large, developed countries?
• What other costs are involved in importing and exporting?
• When are tariffs good, and when are they bad? Why?
• How does a business owner find out what tariffs exist in individual countries, and what percentage of the cost of imports and exports is from tariffs?
  • What government agencies in the United States provide this information?
• Should the United States use tariffs? Why or why not?
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