let’s look at trade!!!!!! why do we trade? is trade good or bad ?

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•Let’s look at TRADE!!!!!! •Why do we trade? Is trade good or bad ?

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Let’s look at TRADE!!!!!! Why do we trade? Is trade good  or bad  ?. Clothing Exports. Clothing Imports. So who benefits from trade? Who gets hurt by trade? Do we care if people are hurt? What are we supposed to do about it?. Trade Barriers. Tariff. Tax on imports. Quota. - PowerPoint PPT Presentation

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Page 1: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

• Let’s look at TRADE!!!!!!

• Why do we trade?

Is trade good or bad ?

Page 2: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

Clothing Exports

Page 3: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

Clothing Imports

Page 4: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

• So who benefits from trade?

• Who gets hurt by trade?

• Do we care if people are hurt?

• What are we supposed to do about it?

Page 5: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

TRADE BARRIERS

Page 6: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

Tariff• Tax on imports

Page 7: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

Quota

• Value based or physical limit on how much can be imported

• Illegal goods have a zero import quota

• In the US in 1996, milk, cream, brooms, ethyl alcohol, anchovies, tuna, olives and durum wheat were subject to tariff-rate quotas. Other quotas exist on peanuts, cotton, sugar and syrup.

Page 8: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

Embargo

• Ban on all or nearly all trade

• Used to influence political actions

Page 9: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

Standard

• Regulations on testing, quality, classification, labeling of imported goods and services

Page 10: Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?

Subsidy• Financial

assistance to a company or industry by the government

• Used to help keep them competitive

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