Thursday, May 28, 2009

International Trade Blog Entry

I did the issue #1, and this is what i learned. Tariff's- Taxes on imports that increase the price of foreign made products. Trade agreements- most nations generally establish favorable rules of trade and typically reduce trade barriers. I strongly believe that the United States should have Tariffs on most of the imported goods. This would cause more products to be sold by the american companies/businesses. Than on the other side of the spectrum, Tariffs are a bad thing and should be lowered. This would help America export more goods because businesses could produce more goods if they had a larger market (world wide).



I believe free-trade-agreements are harmful and are ripping apart the american economy. Any smart entrepreneur would send their dirty work to a country like mexico because the work can be done for so damn cheap. They dont have any minimum wages, and the people are willing to wokr for a dollar an hour in Mexico, but in America the minimum wage is around 6 dollars. That means it is 6 times cheaper to send your work down to Mexico. The United States is also sending alot of manufacturing jobs overseas due to cheap labor.


Picture of John Locke could'nt be imported!!





No comments:

Post a Comment