Am doing a project on Canadian History and can someone tell me how protective tariffs work?????
answers will be very much appretiated thanx
2007-01-31 14:51:11 · 6 answers · asked by Anonymous in Education & Reference ➔ Homework Help
A protective tariff is one imposed upon goods being imported from one country into another country. Theoretically, this type of tariff protects businesses in one country against the same product being produced at a lower cost in another country and shipped into a country that produces the same product at a higher cost.
As a U.S. citizen, I am not familiar with Canadian tariffs; but, the U.S. has, in the past, imposed tariffs on Canadian lumber and wheat being shipped into the U.S. The U.S. has been utilizing tariffs since the 1800's.
You might try www.canada.gc.ca to get more detailed information about the history of tariffs in Canada.
2007-01-31 15:24:25 · answer #1 · answered by Baby Poots 6 · 1⤊ 0⤋
They are generally applied to imported goods. If a country wants to protect their lumber industry and that country produces lumber it will want to make sure that the price of the imported lumber goods is not going to undercut what their country is going to sell wood at. When free trade came about, it put a damper on our protective barriers.
2007-01-31 22:57:40 · answer #2 · answered by Anonymous · 0⤊ 1⤋
A tax placed on imported goods, so that the home grown goods will cost less, and thus be protected from competition.
2007-01-31 22:58:24 · answer #3 · answered by Anonymous · 0⤊ 1⤋
hey man i dont really know much about dat but go to wikipedia and get the answer u need - enjoy!
www.wikipedia.org
2007-01-31 22:55:34 · answer #4 · answered by Avinesh L 1 · 0⤊ 1⤋
http://en.wikipedia.org/wiki/Protective_tariff
2007-01-31 22:56:08 · answer #5 · answered by americansneedtowakeup 5 · 0⤊ 1⤋
http://en.wikipedia.org/wiki/Protective_tariff
2007-01-31 22:55:24 · answer #6 · answered by blt_4 5 · 0⤊ 1⤋