凯伯国际贸易第六章(英文原版课件).ppt

Trade Regulations andIndustrial Policies
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password‐protected website for classroom use
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PowerPoint slides prepared by:
Andreea Chiritescu
Eastern Illinois University
. Tariff Policies Before 1930
The revenue argument
Dominant motive behind the early tariff laws of the United States
First tariff law, 1789
Followed by 12 more tariff laws by 1812
Today, tariffs collected by the federal government = 1% of total federal revenues
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password‐protected website for classroom use
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. Tariff Policies Before 1930
The protective argument
1791, Alexander Hamilton, “Report on Manufacturers”
Young industries of the United States be granted import protection until they could grow and prosper
The infant industry argument
By the 1820s protectionist sentiments in the United States were well established
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password‐protected website for classroom use
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. Tariff Policies Before 1930
The protective argument
1828 , Tariff of Abominations, 45% duties
Provoked the South - wanted low duties for its imported manufactured promise Tariff of 1833
Downsizing of the tariff protection afforded . manufacturers
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password‐protected webs