Trade & Trade Barriers

Example: A tax of 15% makes jewelry from Mexico more expensive than jewelry made in the United States.

Example: The U.S. president increased the amount of imported peanuts allowed into the country by 100 million pounds per year.

Example: In 1963, President Kennedy issued sanctions, which prohibited all trade with Cuba.

Example: In 2010, China announced that it would impose an import tax on American poultry of up 105.4 percent.

Example: In 1996, the US taxed imported grapes, ceramic tableware, and motorcycles.

Example: In 2005, the United States limited the imports of Chinese textiles to 7.5% a year.

Example: In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States.

Example: In 2012, the United States Commerce Department announced that it would impose a tax ranging from 2.9% to 4.7% on Chinese made solar panels.

Example: In 2006, the United Nations Security Council unanimously adopted a resolution to restrict the export to and the import from Iran on certain items and technology potentially related to nuclear weapons.

The price of imported goods

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They protect homeland industries from

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They protects jobs.

Can increase a countries Gross Domestic Product.