Trade Barriers & Currency

In 1962, the United States prohibited all imports and exports to and from Cuba.

• Tariff
• Embargo
• Quota

A tariff....

• Encourages people to buy goods made from their country.
• Increases trade between other countries.
• Stops trade completely.
• Only placed to encourage democracy.

What is a tariff?

• A government order to stop trade
• A limit placed on imports
• A tax placed on imports

What is an embargo?

• A government order to stop trade.
• A limit placed on imports.
• A tax placed on imports.

What is a quota?

• A government order to stop trade.
• A limit placed on imports.
• A tax placed on imports.

Japanese auto firms agree to limits set in Washington D.C., on the # of Japanese cars that may be sold in the U.S.

• Embargo
• Quota
• Tarriff
• Standard

China’s most favored nation trading status will be taken away if congress and the President agree that the Chinese Government  is guilty of human rights abuses. All Chinese imports will experience a sharp increase in taxes if China is no longer considered a most favored nation.

• Tarriff
• Quota
• Embargo
• Subsidies

In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent.

• Tariff
• Embargo
• Quota