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=== Tariffs === [[Tariff]]s, a tax on a specific good or category of goods exported from or imported to a country, is an economic barrier to trade.<ref>{{Cite news |url=http://www.investopedia.com/terms/t/tariff.asp|title=Tariff|author=Investopedia Staff|date=24 November 2003|work=Investopedia|access-date=7 May 2017|language=en-US |url-status=live|archive-url=https://web.archive.org/web/20171206154024/https://www.investopedia.com/terms/t/tariff.asp|archive-date=6 December 2017}}</ref> A tariff increases the cost of imported or exported goods, and may be used when domestic producers are having difficulty competing with imports. Tariffs may also be used to protect an industry viewed as being of national security concern. Some industries receive protection that has a similar effect to [[subsidies]]; tariffs reduce the industry's incentives to produce goods quicker, cheaper, and more efficiently, becoming ever less competitive. The third basis for a tariff involves [[dumping (pricing policy)|dumping]]. When a producer exports at a loss, its competitors may term this ''dumping''. Another case is when the exporter prices a good lower in the export market than in its domestic market.<ref name="tariff">{{cite web |author = Mike Moffatt |title = The Economic Effect of Tariffs |url = http://economics.about.com/cs/taxpolicy/a/tariffs.htm |access-date = 27 July 2015 |url-status = live |archive-url = https://web.archive.org/web/20150906075517/http://economics.about.com/cs/taxpolicy/a/tariffs.htm |archive-date = 6 September 2015 }}</ref> The purpose and expected outcome of a tariff is to encourage spending on domestic goods and services rather than their imported equivalents. Tariffs may create tension between countries, such as the [[United States steel tariff 2002|United States steel tariff in 2002]], and when China placed a 14% tariff on imported auto parts. Such tariffs may lead to a complaint with the [[World Trade Organization]] (WTO) which sets rules and attempts to resolve trade disputes.<ref name="WTO">[https://www.pbs.org/nbr/site/onair/transcripts/060330b/ US/China Trade Tensions] {{webarchive|url=https://web.archive.org/web/20110516004140/http://www.pbs.org/nbr/site/onair/transcripts/060330b/ |date=16 May 2011 }}, [[Public Broadcasting Service|Darren Gersh]]. Retrieved 21 May 2006.</ref> If that is unsatisfactory, the exporting country may choose to put a tariff of its own on imports from the other country. [[File:Hamburg.CTA.Altenwerder.BungaRaya.wmt.jpg|thumb|300px|Vessel at Altenwerder Container Terminal (Hamburg)]]
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