Examples of import tariffs used as a protectionist policy
- A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 17 Mar 2023
Here are some recent examples of governments introducing import tariffs as part of their trade policy. Import tariffs are a common tool used by governments to protect domestic industries, promote local manufacturing, and address what they see as unfair trade practices by other countries. However, they can also lead to trade tensions and disputes with other countries that are affected by the tariffs.
- United States: In 2018, the US government introduced import tariffs on a range of products, including steel and aluminum. The tariffs were intended to protect domestic industries from foreign competition and to address what the US government saw as unfair trade practices by some countries.
- India: In 2020, the Indian government introduced import tariffs on a range of products, including electronic goods, toys, and furniture. The tariffs were intended to promote domestic manufacturing and reduce India's dependence on imported goods.
- United Kingdom: In 2021, the UK government introduced a temporary import tariff on certain agricultural products, including beef, lamb, and poultry. The tariffs were introduced in response to concerns that UK farmers could be undercut by cheaper imports after the UK left the European Union.
- Turkey: In 2021, the Turkish government increased import tariffs on a range of products, including cars, furniture, and electronics. The tariffs were intended to support domestic production and reduce Turkey's reliance on imported goods
- China: In 2018, the Chinese government introduced retaliatory tariffs on a range of US products, including soybeans, cars, and aircraft. The tariffs were introduced in response to US tariffs on Chinese goods and were intended to protect Chinese industries and send a message to the US government
- South Africa: In 2020, the South African government introduced import tariffs on a range of goods, including clothing, footwear, and bedding. The tariffs were intended to protect local industries from foreign competition and to support job creation in South Africa
- Australia: In 2021, the Australian government introduced a temporary tariff on imported wind towers. The tariff was intended to support the development of Australia's renewable energy industry and to protect local manufacturers from cheap imports.