Foreign producers often produce lower cost products

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Reference no: EM132208729

Foreign producers often produce lower cost products than can American businesses because foreign labor is less expensive. In your opinion:

a) Should the American Government protect American producers by charging an import tax (or tariffs) on imported products so American producers can compete and not lose their businesses?

b) Will American producers who are protected in the U.S. by import taxes be able to effectively compete in the international market place with the cheaper products produced by foreign businesses? In other words, does forcing American businesses to find ways to reduce their prices, in effect, help them to be more competitive in the International market place thereby allowing them to expand their markets beyond the borders of the American Market place?

Reference no: EM132208729

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