John Latus Professor Saffarian MGMT 3413 From time to time, various groups clamor for import restrictions or tariffs on foreign-produced goods, particularly automobiles. How might these be helpful? Harmful? Tariffs could be helpful, especially to baby; or just starting up, companies by giving them the time to become competitive with older, more experienced companies. When a business is in the start up phase it will most likely see little to no profits the first year or so, this is due in part to the costs of start a business and the learning curve required to effectively and efficiently run a business. Another way tariffs could be helpful is it will make foreign goods that would normally b cheaper more expensive and make consumers by from their own countries’ businesses thereby keep American jobs safe and the workers employed and keeping the American money in the USA. Tariffs can also be harmful in some ways. If the USA imposes tariffs on other countries’ goods then the other countries’ can do the same. This would result in a lower GDP going abroad
This is the end of the preview. Sign up to
access the rest of the document.