Category: Tariffs and Non-Tariff Barriers

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Sep 21

How Safeguard Duty Protects Domestic Industry on Imported Goods and Tariffs

ChatGPT said: Know about how Safeguard Duty Protects Domestic Industry on Imported Goods and Tariffs In today’s interconnected global trade environment, domestic industries often face fierce competition from imported goods. While international trade fosters variety, innovation, and consumer choice, excessive or unfair imports can disrupt local markets and harm domestic producers. To counter such risks, governments implement safeguard duties—temporary tariffs imposed on imported goods that threaten to cause serious injury to local industries. This article explains how safeguard duties work, Read Full Details…

May 11

Know about Active Tariffs and Non-Tariff Barriers in International Trading Goods in 2023

International trade has been an essential driver of economic growth for many countries around the world. However, various barriers hinder the smooth flow of goods across borders. Tariffs and non-tariff barriers (NTBs) are the most common forms of such barriers. The state of active tariffs and non-tariff barriers in the international trade of goods in 2023 : Active Tariffs A tariff is a tax imposed by a government on imported goods. Its primary purpose is to protect domestic industries and Read Full Details…