One of the main purposes of this protectionism is protecting job inside the country. It is indisputable that the rate of unemployment will have an impact on government. Government will directly interfere in trade by increasing the level of tariffs, adopt import quota and any other policies (Nozick, Anarchy, State, Utopia, &Vallentyne, 2006). For example, The US imposed tariffs of 35% on imports of Chinese passenger and light truck tires because Chinese tire exports that has rocked the domestic US tire industry and displaced thousand of jobs (Weisman, 2009).
Another form of protectionism is antidumping policies. Government using antidumping policies to punish foreign firms and protect domestic producers from unfair for...
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...ilip , 2011). All these forms of protectionism designed to collect revenue for the government and protect domestic industries against foreign competition and customer are the one who needs to bear the cost (Ma, 2011).
Just like a coin, a government intervention to have a double side to it. For example, in order to protect domestic auto industry, government of Thailand has levied high import duty and taxes to all imported cars. Consumer in Thailand needs to pay B2.2 million for the new Mini Cooper while it costs around B800, 000 bath in the UK for the same model (the phuketnews , 2014). Thus protect industry argument clashes with protecting consumer argument as tariff barriers penalize consumers. The losers of this international game are customers that are literally being robbed through taxes and higher prices (Block, 1998).
However, there is an economic argument w
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