Show The Office of the U.S. Trade Representative (USTR) works to identify and reduce obstacles for U.S. companies. In this year’s National Trade Estimate (NTE), USTR maintains and deepens its focus on barriers to digital trade. Digital trade is a broad concept, capturing not just the sale of consumer products on the Internet and the supply of online services, but also data flows that enable global value chains, services that enable smart manufacturing, and myriad other platforms and applications. Some portion of nearly every business is digitally enabled, and every industry leverages digital technology to compete internationally. For example:
Most digital trade already occurs outside the United States—half of all people on earth are now online and the billions of objects newly connected to the Internet each year are located around the world. But in recent years, many governments have sought to control digital trade in blunt and disruptive ways. Some of these government actions are explicitly protectionist; others have imposed unnecessary burdens on digital trade while seeking to address legitimate public policy goals. The NTE organizes its discussion of digital trade barriers for each country into four categories:
USTR works to monitor all measures restricting digital trade and remove barriers where appropriate, so that U.S. companies can continue to compete and win in a 21st century global economy. The NTE highlights trade barriers faced by U.S. suppliers of digital goods and services, and identifies specific issues on which USTR will focus efforts over the coming year. Some of the key barriers to digital trade identified in the 2017 NTE include:
### Why do politicians often establish trade barriers even though the barriers usually do more harm than good quizlet?Why do politicians often establish trade barriers even though the barriers usually do more harm than good? They are incentivized to create policies that disperse costs over a large number of people but benefit small, powerful groups.
What are the different types of trade barriers quizlet?There are 3 major types: Tariffs, Quotas, Embargoes (they "hinder" global trade).
What are three formal trade barriers quizlet?What are three formal trade barriers? Three formal trade barriers are quotas, tariffs, embargoes.
What is the chief consequence of trade barriers group of answer choices?The effects of trade barriers can obstruct free trade, favor rich countries, limit choice of products, raise prices, lower net income, reduce employment, and lower economic output.
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