International Trade Debate?

[tye1]

The United States must place high tariffs and use quotas to restrict trade with foreign countries.

· Consider the following issues:

· The strength of the dollar on domestic and global economies

· Benefits from tariffs or quotas

· Losses from tariffs or quotas

Please give me some insight as to how to address each issue.

Thanks

 

[LibertineSaint]

The strength of the Dollar has more to do with low interest rates than international trade. If the fed has low interest, less international investors will invest in the dollar because they know that the value will not go up.

Tariffs have been troublesome in the past, but there mist be some sort of bilateral trade between countries. But it is also important to reinforce industry buy discouraging outsourcing and companies moving their operations abroad. A few years back Bush gave tax breaks to companies who wanted to move to India! This needs to stop. Americans may not make the cheapest goods on the international market, but neither do the Germans and they have huge exports. the trick is quality and I believe Americans can make the best products in the world.