I am soooo confused about "tariff", that its making me sick.
Can you explain to me, is tariff good or bad. Who is it good for and who is it bad for.
My understanding is that tariff is good for the goverment, but bad for the consumers. Is this a good way of simply explaining it, or is there a lot more to it.
But if no tariff is imposed does that hurts the goverment, but benefits the consumers with low prices?
Please help!
Okay, a tariff is basically a tax, and you are right, it does benefit the government because when consumers purchase a product that is taxed, the money goes to the government. When there is no tariff,the government doesn't get any money, however, the consumer benefits because they are saving money since they aren't paying a tax (tariff) on the product they are buying.
Let me know if I helped or confused you even more...
brie;)
You clarified that for me, but I have more concerns if you or anyone wouldnt mind answering. Here it goes.....
So does tariff protect jobs by the income the goverment receive from the tariff. Does that money go back into the economy to pay employees.
And if so, then tariffs is a good thing for America right?
I'm trying to determine if tariffs are beneficial more than not beneficial.
And why would one suggest that tariff is needed to encourage americans to buy U.S. made products, what and who would this benefit.
Funny part about this subject is that I understand the trade deficits, the multinstionals and so forth for this class, but tariff is confusing. Its like "okay is it a good thing or a bad thing, which one". Im quessing the answer is its good and bad, but what are the reasons behind the good and bad. Ive read article after article, and I am still confused. Anyhow....In your opinion, is tariff a good thing for America or a bad thing for America as a whole, for now and the future. Do you think that tariffs benefits us in general?
Off questions but still on subject: So when Americans were losing all there jobs, did that have something to do with tariffs?
Please help!
Yeah, I think tariffs protect jobs run by the government because those jobs would be unsuccessful without the government, which pays for the companies(jobs).
I'm not sure if the money goes for employees' salaries, but I do think that the tariff money helps to pay for the expenses of those employees' jobs, like the heating expense of the building they work in, etc.
I would say that tariffs are more beneficial, rather than not beneficial.
I there is a tariff on American-made products, then Americans would instead be encouraged to buy foreign products instead, right? So the foreign companies will benefit.
I think the tariff is both good and bad, but the only thing is, Americans don't like to spend their money if it doesn't directly benefit them. You know people hate paying taxes(tariffs). So it inconveniences the American consumer but at the same time benefits them because the government is getting money to protect their jobs.
What time period are you looking at for the last question, like during the Depression or.........
~brie:')
The last question is based on recent job lost. Once bush got into house, was that due to tariff issues?
Since tariff is here to protect jobs, then why did so many people lose thier jobs?
Now as far as the buying of American made products, does that help Americans and the goverment financially or what is the actual benefit?
By the way, thanks for helping me Brie!
For the first question, do you mean when Bush got into office, were jobs lost due to tariffs?
I think so many people lost their jobs because they were paying taxes in addition to other expenses, and then got laid off because so many people were getting jobs that there were too many people in that paricular occupation, since the government was helping support jobs and more and more people were applying for them.
Yes, when Americans buy Amer.-made products, they are helping their economy, or the financial position of the U.S.
No problem...
brie:>}
Thank you, thank you, thank you!
I have a better understanding now, lets just hope it stays that way.
:)
There are so many questions here that I will choose one to answer. Tariffs do not encourage Americans to buy U.S. made products nor will doing so make you patriotic. "Tariffs are taxes imposed on imports which makes these imports more expensive. Tariffs consist of protective (import taxes) which raises the retail price of imported products so that domestic goods are more competively priced, which are meant to save jobs for domestic workers and to keep industries (infant industries) from closing because of foreign competition; and revenue raises money for the government and are commonly used by developing countries to help infant industries compete in global markets." Nickels, p. 75-76.
do Tariffs help us to maintain a favorable balance of trade and balance of payments?
Tariffs help us to maintain a favorable balance of trade and balance of payments
Can I get some help on answering this question.
In my opinion I think the tariff does maintain a favorable balance, of trade and balance payments. But how does it work, I don't know.
tariffs, quotes and VERs? Advantage or disadvantage?
Tariffs can have both positive and negative effects, and their impact can vary depending on the specific circumstances.
On one hand, tariffs can be beneficial for the government as they generate revenue. When consumers purchase imported goods that are subject to tariffs, the government collects taxes on those products, which can contribute to the government's income. This revenue can be used for various purposes, including funding public services and initiatives.
On the other hand, tariffs can be detrimental to consumers. When tariffs are imposed on imported goods, it increases their prices, as the cost of the tariff is typically passed on to the consumer. This can result in higher prices for imported products, which can make them less affordable for consumers. Additionally, when tariffs are imposed, it can limit consumer choice, as certain imported goods may become more expensive or less available.
In terms of job protection, tariffs can potentially have a positive impact by supporting domestic industries and preserving jobs in those industries. By making imported goods more expensive, tariffs can make domestically produced goods more competitive in the market. This can help protect jobs in industries that might otherwise struggle to compete with cheaper foreign imports.
However, it's important to note that while tariffs may protect jobs in certain industries, they can also have negative consequences. Higher tariffs can lead to retaliatory measures from other countries, resulting in trade tensions and potentially harming other industries that rely on exports.
Whether tariffs are beneficial for a country as a whole is a complex question. It depends on various factors, such as the specific circumstances, the industries involved, and the country's overall economic goals and priorities. There are arguments for and against the use of tariffs, and economists often have differing opinions on their effectiveness and impact.
Regarding the question about encouraging Americans to buy U.S. made products, some argue that tariffs can provide a level playing field for domestic producers by making foreign products more expensive. This can potentially incentivize consumers to choose domestically produced goods, which can benefit domestic industries and workers. However, it's important to consider that consumer choices are influenced by multiple factors, such as price, quality, and personal preferences. Tariffs alone may not be sufficient to significantly shift consumer behavior.
Lastly, it's worth mentioning that factors such as job loss are multi-faceted and cannot be attributed solely to tariffs. Job losses can be influenced by various factors including changes in technology, market conditions, global economic trends, and government policies. While tariffs can impact job markets, they are just one piece of a much larger puzzle.
In summary, tariffs can have both positive and negative consequences, and their impact can vary depending on the specific circumstances. Determining whether tariffs are beneficial or not requires considering various factors, including the industries involved, consumer behavior, and overall economic goals.