Protectionism is often used as
Answer:
What Is Protectionism?
Protectionism refers to government policies that restrictinternational trade to help domestic industries. Protectionistpolicies are usually implemented with the goal to improve economicactivity within a domestic economy but can also be implemented forsafety or quality concerns
What is a Tariff?
A tariff is a tax imposed by one country on the goods andservices imported from another country.
Tariffs are used to restrict imports by increasing the price ofgoods and services purchased from another country, making them lessattractive to domestic consumers. There are two types of tariffs: Aspecific tariff is levied as a fixed fee based on the type of item,such as a $1,000 tariff on a car. An ad-valorem tariff is leviedbased on the item’s value, such as 10% of the value of thevehicle.
EU Common Agricultural Policy (CAP). Despite reforms and somereduction in tariff rates, the EU still impose substantial tariffrates on many agricultural markets. The aim is to increase pricesfor domestic European farmers in order to increase theirincome.
Some selected tariffs on EU agricultural products including:
For medium/ low-quality wheat, a duty of €12 per tonne. Barley,a tariff of €16 per tonne. Oats, €89 per tonne,
Beef tariff or ‘Hilton Quota’ The EU’s current quota 37,800tonnes – charged 20% import duty. Above, the quota, the duty ismuch higher: €2,700–€4,700 per tonne
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