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Unformatted text preview: are normally low & their purpose is to provide
ncome for the government.
rotective Tariffs – tax on imports designed to protect domestic
producers from foreign competition [autos, shoes, textiles].
We have tariffs on 8,753 products (70% of our imports). They add about
% to prices. They cost consumers an extra $70 billion. [$1,000 per family]
Singapore 1st Ireland 2nd Switzerland 3rd 4rth 2.6%
The 2.6% is 4rth lowest
Ireland, & Switzerland.
Ireland, 2.6% Global Competition
Top 12 [Free Traders] - 2006
12-United Kingdom No n-tariff Barrie rs
No –licensing requirements, reinspections,
unreasonable standards pertaining to quality and safety, or unnecessary bureaucratic red tape in customs procedures. The Japanese conduct stringent reinspections of our autos that cost the Japanese consumer an extra $500.00. 33%
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This note was uploaded on 07/20/2012 for the course ECON 2106 at GCSU.