1. Government Intervention in International Trade Unit 7 Part 2A

2. Basic Methods to Limit Trade Tariffs – Tax on imported goods Quotas – Limit on quantity of imported goods – VER Regulations – FDA

3. How Trade Works

4. Support Limits on Trade National defense Infant industry Dumping Preserve domestic jobs Maintain a diverse and stable economy

5. Results of Barriers Higher prices for consumers Inefficiency Less choice Less profit for suppliers

6. History of Tariffs Smoot Hawley Act 1933 – Raised 20% NAFTA – Reduce tariffs WTO – Reduce tariffs

7. WTO History of WTO