Search results
Results from the WOW.Com Content Network
In the modern trade arena, many other initiatives besides tariffs have been called protectionist. For example, some commentators, such as Jagdish Bhagwati, see developed countries' efforts in imposing their own labor or environmental standards as protectionism. Also, the imposition of restrictive certification procedures on imports is seen in ...
According to Michael Lind, protectionism was America's de facto policy from the passage of the Tariff of 1816 to World War II, "switching to free trade only in 1945". [ 2 ] There was a brief episode of free trade from 1846, coinciding with the zenith of classical liberalism in Europe, during which American tariffs were lowered.
A trade war is a conflict between two countries marked by rising tariffs and other similar protectionist actions. Remember, a tariff is a tax put into place by one country on imported goods or ...
An example of this is safety standards and labeling requirements. The need to protect sensitive to import industries, as well as a wide range of trade restrictions, available to the governments of industrialized countries, forcing them to resort to use the NTB, and putting serious obstacles to international trade and world economic growth.
Trump took his trade rhetoric to new heights in a series of events this week, doubling down on up to 200% tariffs on autos from Mexico and even raising the possibility of targeting specific ...
The U.S. has a proud and successful history of leading the charge for open and fair trade. Amid growing protectionism and authoritarianism around the globe, our government must stand firm in ...
Trade war arises only if the competitive protection between states is of the same type and it is not valid in case of dumping exports. [2] Increased protection causes both nations' output compositions to move towards their autarky position. [3] Minor trade disagreements are often called trade disputes when the war metaphor is hyperbolic.
Alexander Hamilton first codified the infant industry argument.. The infant industry argument is an economic rationale for trade protectionism. [1] The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.