International trade debate
The strength of the dollar on domestic and global economy is very tangible throughout the world but it needs to be that way because a strong dollar could hurt exports into other countries and the U.S also, a strong dollar makes exports from the U.S more expensive to foreign consumers and buyers. The high tariffs and quotas that the United States uses to restrict trade with foreign countries are put in place to limit or restrict products and produce that enter the U.S. Tariffs and quantities restrictions (commonly known as import quotas) both serves the purpose to control the amount of foreign products that enter the domestic markets to be sold to consumers and buyers many countries can’t afford a weak dollar because the strength of the dollar versus the currencies of chronic surplus countries may be counterintuitive..
Tariffs are taxes that are levied on imported goods that enter country from other countries for example a major manufacturing companies that do a lot of business in different countries such as John Deere could see their sales fall by a stronger dollar and the U.S economy would need to increase their international sales to make up for restrained domestic spending a stronger dollar will result in a major loss in international sales and also constrain the U.S. GDP growth.
The benefits from tariffs and quotas that are put in placed on countries to restrict their imports, sometimes they impose these quotas and sometimes they impose tariffs. Either way, the cost to consumer’s rises and consumers are hurt. However, with a tariff, some of what consumers lose is collected by the government in the form of taxes. With a quota, some the consumers lose and it is collected by the suppliers who are fortunate enough to have their product shipped as part of the quota. The loss of tariffs and quotas would obviously hurt other countries