Power point presentation on tariff and import duties converted

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INTRODUCTION
Tariff is known as the tax or duty that need to be paid on a
specific class of exports and imports. It is used for the purpose
to restrict trade, because it enhance the price of imported
products, in order to make them more costly for customers.
Further particular tariff charge as a determinate fee which is
based on type of item while ad- valorem tariff is fixed charge
based on the item's value. Tariff is also consider as a amount
that paid by a country for exporting and importing the products
and services. Products and services which are traded their
price get enhanced in case tariff being obligatory on the
products. There are several tool provided in respect to shape
mercantilism policy.

Affect of tariff on economy
Tariff is known as the tax which is charged by government on
products which are imported and exported including
insurance of imported products. There are three different
situation on basis of which government charges tariffs such
as:
⚫ In order to protect inefficient domestic and ageing from
another country competition.
⚫ For protecting fledgling domestic industries from foreign
competition.
⚫ In order to protect from dumping by foreign companies top
domestic producers.

Affect of tariff and import duty on
industries
⚫ Tariff are important taxes and duties which is placed on an
imported goods by the government.
⚫ It lead to make domestic good cheaper fro its domestic
consumers and products which are imported more expensive
for an organisations which are exporting goods from their
industry into the domestic industry.
⚫ If government charger high tariff then it lead to increase the
price of goods for the domestic consumers.

Cost and Benefit of a tariff and
custom duty ....
⚫ There are some benefits and cost of a tariff. Tariff lead to
enhance the cost of imports, which lead to decrease
consumer surplus.
⚫ For instances, UK consumer are out from European union
broad tariff on agriculture products.
⚫ For protecting European union farmer high tariff is placed
due to which there are different agricultural products became
more costly.

REFERENCE
Burke, M., Hsiang, S.M. and Miguel, E., 2015. Global non-linear effect
of temperature on economic production. Nature, 527(7577), pp.235-
239.
Eslava, M., Haltiwanger, J., Kugler, A. and Kugler, M., 2013. Trade and
market selection: Evidence from manufacturing plants in Colombia.
Review of Economic Dynamics, 16(1), pp.135-158.
Böhringer, C., Carbone, J. and Rutherford, T.F., 2016. Embodied
carbon tariffs.The Scandinavian Journal of Economics.
Favilukis, J., Ludvigson, S.C. and Van Nieuwerburgh, S., 2017. The
Macroeconomic Effects of Housing Wealth, Housing Finance, and
Limited Risk Sharing in General Equilibrium. Journal of Political
Economy, 125(1), pp.000-000.

Power point presentation on tariff and import duties converted

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