Search results
Results from the WOW.Com Content Network
Political poster by the British Liberal Party presenting their view of the differences between an economy based on free trade versus one based on protectionism. The free trade shop is shown as full of customers due to its low prices. The shop based on protectionism shows higher prices, a lesser selection of goods, and a lack of customers.
Scholars, such as Michael J. Hiscox, have argued that public opinion of international trade and protectionism is particularly malleable to political framing because of the complexity of the issue. Due to this complexity, the public is more likely to look to the elites in their own political parties to form their opinions. [96]
Protectionism is the economic policy of restraining trade between states, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to discourage imports, and prevent foreign take-over of native markets and companies. The main emphasis of this policy is the protection of the ...
The professor points out that since at least World War II, Republicans tend to favor freer trade due to their support for business while Democrats tend to favor protectionism policies due to their ...
Click here for political news related to business and money policies that will shape tomorrow's stock prices Read the latest financial and business news from Yahoo Finance Show comments
For premium support please call: 800-290-4726 more ways to reach us
After 450 amendments, the Tariff Act of 1890 was passed and increased average duties across all imports from 38% to 49.5%. [4] McKinley was known as the "Napoleon of Protection", [5] and rates were raised on some goods and lowered on others, always in an attempt to protect American manufacturing interests.
A nondiscriminatory regulation serving substantial state purpose is not invalid simply because it causes some business to shift from a predominantly out-of-state industry to a predominantly in-state industry. Only if the burden on interstate commerce clearly outweighs the State's legitimate purpose does such a regulation violate the commerce ...