Is Limiting imports to benefit local firms detremental to domestic consumers?

Question

well basically my topic is 'Limiting imports to benefit local firms is detremental to domestic consumers'. but i need some information against the topic. so please help

Answer 1

There are many issues here.
1) Imports may be cheeper and still be as good or better.
2) Importing goods is "exporting" jobs. Can lead to unemployment and downturns in the local economy.
3) Limiting imports stops local firms from improving production processes as they make good profits under their production.
4) Sometimes imported goods don't have the warranty and after sales service as local goods.
5) Importing from one country often opens the door to exporting to the exporting country.

Can be advantageous but has disadvantages as well.

Answer 2

Arguments can be made on both sides, but most economists would say that it is detremental because the foreign countries may have a competitive advantage in those products which means they can produce them better or cheaper than your country, and if you are restricting them then you are forcing the people of your country to pay more or settle for less quality.

Answer 3

Limiting imports is detrimental to the interests of the consumers at the same time it affects the interests of the local firms. So rationale is needed in this case.