Introduction Globalization has become one of the biggest issues in the economic world today and because of the impact, many things have changed - including how countries operate with each other. Thus, international trade has evolved into a complex system of trade barriers to ensure the protection of domestic industry and its workers interests. The trade impediments and subsidies include protective tariffs, import quotas, non-tariff barriers i.e. licensing, and export subsidies. In addition the …showed first 75 words of 1618 total…

…showed last 75 words of 1618 total…higher prices or tariff actually helps the competitor as it is now charging a premium for a product that costs very little to produce. It does not help the U.S. industry; it only hurts it. The end result is a lose-lose situation for both countries involved in the trade barrier. Free trade and globalization are the only effective means to generating economic increases worldwide. References IVEY, Kanzen Berhad: The United States and Antidumping Duties