duty imposed on goods when moved across a political boundary

They are usually associated with protectionism

Profile
are usually imposed on imported goods
may also be imposed on exported goods

ad valorem tariff

of the value of the good

a set percentage
that is being imported

specific tariff

a specific amount of money

1. Tariffs does not vary with the price of the good

revenue tariff
Types
a set of rates designed to raise money for the government

protective tariff

artificially inflate prices of imports

intended to
protect domestic industries from foreign competition

prohibitive tariff

one so high that nearly no one imports any of that item

Types of
a document issued by a national government
Trade barriers
authorizing the importation of certain goods into its territory

considered as non-tariff barriers to trade

when used as a way to discriminate against another country's goods

in order to protect a domestic industry from foreign competition
Import Each license specifies the volume of imports allowed
2. licenses at a competitive price
Can be sold to importing companies
or simply a fee

this allocation methods

it is argued that political lobbying
provides incentives for
bribery

on the quantity of a good

sets a physical limit into a country
that can be imported
in a given period of time

the producers of a good in a domestic economy

Import Used to benefit of all consumers of the good
at the expense
3. quotas in that economy

corruption (bribes to get a quota allocation)

Critics say quotas often lead to smuggling (circumventing a quota)
higher prices for consumers
Trade barriers.mmap - 18/04/2009 - Carlos Mondragón