Impact of trade barriers Governments establish tariffs

Impact of trade barriers Governments establish tariffs and a variety of non-tariff barriers to encourage the development and protection of the domestic industry against imports and against foreign businesses. Consider your textbook reading and lectures for this week and answer the following question.

Describe the various types of tariff and non-tariff barriers, and then discuss how the future of open global markets lies with the controlled and equitable reduction of trade barriers.