Search results for keyword: retaliatory
International Trade Disputes
International Trade Disputes
Introduction
The ever increasing globalisation of markets and the increasing number of international trade agreements, have increased the likelihood of a trade dispute occurring between nations. This paper will discuss: the definition of an international trade disput......
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Sophia
penalty tariff
The Impact of Tariffs on International Trade
Tariffs are taxes that are placed on imports by foreign governments. They are used to create an economic incentive for countries to buy locally manufactured goods, rather than those produced in another country. Tariffs are also used as a form of protec......
ad valorem tariff
Tariffs
Tariffs are taxes implemented by governments and their agencies on imported goods and services. The purpose of levying tariffs is to protect domestic industries and jobs, to generate additional income for the government, and to affect the pricing of certain goods and services.
The use of......
specific tariff
Introduction
The tariffs have been a cornerstone of the United States economic system since the days of Alexander Hamilton in the late 18th century. After the American civil war, tariffs became even more important to the countrys economy. The United States was able to avoid disruptive changes in......
Customs procedural barriers
Customs Barriers
Customs barriers refer to certain governmental measures and restrictions undertaken to protect domestic production and inhibit or limit external goods or services from entering into domestic markets. This includes import and export restrictions, regulations, taxation, and other m......
new trade protectionism
New Trade Protectionism
In recent years, the wave of “protectionism” has spread across the world. Protectionism refers to the practice of restricting imports from other countries to protect the domestic economy from foreign competition. The main trade protectionist measures taken by countries i......
select tariff
Tariff and its Importance
Tariff is a tax imposed by one government on the citizens of another government and are generally charged on the imports. A tariff is an effective and essential tool for a government to ensure the economic stability of their country and to protect its own citizens’ inte......
trade surplus
International trade surplus
The terms trade surplus or net exports refer to the amount of money a country earns from exports minus the money it spends on imports. A nation or country can have a trade surplus if its exports exceed imports, a situation which is beneficial for the country since it e......
Trade Friction
Sino-US Trade Disputes
China and the United States are two of the world’s largest economies and have long been engaged in a contentious relationship. The Sino-US trade disputes have been at the epicenter of this tension. Since 2018, the two countries have been locked in a trade war due to their ......
voluntary export restrictions
Voluntary Export Restraints
Voluntary export restraints (VERs) are trade restrictions on exports, typically agreement between two countries to limit the quantity of goods and services exported to each other. They are generally used by governments in situations where direct import controls on dome......
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