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Unformatted text preview: By these two countries having to engage in this trade it is actually a benefit to all. The United States place high tariffs and quotas that restrict trade to certain foreign countries, there are many advantages and disadvantages that are associated with this form of protectism. This protectism also starts a dependence of on these other countries for their money. When these high tariffs and quotas are implaced that means less amounts of the foreign trade so that mean there are less goods on the market. These foreign countries are also not as welling to trade things with us as well. They do not want to give us the lower competition because of these high tariffs in place. This also punishes us because of the fact that we are losing all of that money that could be spent here in the USA. By this money not being spent to into the United States that hurts us financially and economically because people are then losing jobs....
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- Spring '10