US 2018 National Trade Estimate Report on Foreign Trade Barriers

What does it do? Who does it benefit? Who collects the money? Tariffs. ___on imports. Raise the price of imported goods. ____________suppliers. ___________their demand. Increases their prices. ____________government. Quotas. _____the amount that can be imported. Creates shortages thus ____________price. Domestic suppliers. ___________demand / prices. No money collected. Embargos. Prohibits _______with other nations. Bars imports FROM other nations OR exports TO other nations. No one … usually meant to hurt nation’s economy to force them to take an action.