Shrimp Tariffs: For And Against

Shrimp Tariffs : For and AgainstTariff is a tax impose on foreign produced goods ADDIN EN .CITE Tariff 2006June 4 2007http / web .china daily .com .cn /bizchina /2006-10 /13 /content_707695 .htm Tariff 2006 . This may be done to either convey revenue for the country imposing the responsibility or to fixate the topical anesthetic faithfuls competitive to the foreign firms . The prawn tariff was imposed because of the supply of the express seafood good from the parts of China and Vietnam , because the local half-pint firms providenot compete with the extreme low hurts of the fish from the said countries . ADDIN EN .CITE Shrimp Tariffs Are No Small-Fry2004June 4 2007http / entanglement .cbsne ws .com /stories /2004 /07 /06 /national /printable627803 .shtml Shrimp Tariffs Are No Small-Fry 2004 . Dumping is the deed of goods at a very much lower wrong than that of the original one ADDIN EN .CITE ThomasThomas , Alex M .The Economics of Dumping2006June 4 2007http /alexmthom as .wordpress .com /2006 /08 /25 /the-economics-of-dump (Thomas , 2006 , thus , it causes local firms to incur losings . Comparing the low prices of the prawn from China and Vietnam to the prices of the commodity in the lower market the consumers opt to spend their resources on the ones which eat up a lower price . Hence , the local shrimp labor is being sabotaged by the existence of the dumping of shrimp from other countriesThe primary advantage of implementing a tariff on the shrimp from other countries is the protection it gives to the local shrimp industry Imposing a tariff on the shrimp causes an make up in the price of the shrimp from the foreign shrimp firm , thus , the lower prices of the foreign supplied shrimps are offset and can now be of equal value of the locally produced shrimp , which have then a relatively higher price shrimp ADDIN EN .CITE MatthewMatthew DonThe Fallacies of Shrimp Protectionism2004J une 4 2007http /www .mises .org / paper /1551 (Matthew , 2004 .

Increasing the price of the shrimp exit equal the vivacious competition between the local and foreign shrimp firms . The tariff volition be very beneficial to local firms because this go out make them able to compete with the other firms and recover from the hurt done by the then actual shrimp dumping activities from different countries including China and VietnamHowever , the protection and the benefits are only experienced by the imposing country of the tariff . This is because the implementing country will acquire the revenue gained from the tariff and also protect the existing local firms . On the other hand , the foreign firms will have difficulty selling their commodity because the increase in the price will discourage the consumers to buy more of the commodity Consequentially , the disadvantages of imposing a tariff on the shrimp are being experiences by the exporting countryThe increase in the price of the shrimp for the foreign countries will cause the affliction of the foreign shrimp firms ADDIN EN .CITE MatthewMatthew DonThe Fallacies of Shrimp Protectionism2004J une 4 2007http /www .mises .org /story...If you want to get a full essay, order it on our website: Orderessay

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