Introduction Globalization has become one of the biggest issues in the economic world today and because of the impact, many things have changed - including how countries operate with each other. Thus, international trade has evolved into a complex system of trade barriers to ensure the protection of domestic industry and its workers interests. The trade impediments and subsidies include protective tariffs, import quotas, non-tariff barriers i.e. licensing, and export subsidies. In addition the …
showed first 75 words of 1618 total

showed last 75 words of 1618 total
…higher prices or tariff actually helps the competitor as it is now charging a premium for a product that costs very little to produce. It does not help the U.S. industry; it only hurts it. The end result is a lose-lose situation for both countries involved in the trade barrier. Free trade and globalization are the only effective means to generating economic increases worldwide. References IVEY, Kanzen Berhad: The United States and Antidumping Duties