Asked by Remy
Why would the U.S. impose a voluntary export restraint on Japan for textiles instead of using a import quota or tariff?
Why indeed. This is as much an international political question as a question in economics. Quota or tariffs tend to apply to all nations rather than a single nation. Second, the US is a participant in GATT and WTO (international trade agreements), which restrict tariffs and quotas. Third, what is Japan getting for agreeing to voluntary restraints?
Why indeed. This is as much an international political question as a question in economics. Quota or tariffs tend to apply to all nations rather than a single nation. Second, the US is a participant in GATT and WTO (international trade agreements), which restrict tariffs and quotas. Third, what is Japan getting for agreeing to voluntary restraints?
Answers
There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.