Jose Espinoza , Christian Jones, Jajaun Simon

Jose Espinoza , Christian Jones, Jajaun Simon

Tariff They are usually associated with protectionism, the economic policy of restraining trade between nations. For political reasons, tariffs are usually imposed on imported goods, although they may also be imposed on exported goods. In the past, tariffs formed a much larger part of government revenue than they do today. When shipments of goods arrive at a border crossing or port, customs officers inspect the contents and charge a tax according to the tariff formula. Since the goods cannot continue on their way until the duty is paid, it is the easiest duty to collect, and the cost of collection is small. Traders seeking to evade tariffs are known as smugglers.

An embargo is the prohibition of commerce and trade with a certain country, in order to isolate it and to put its government into a difficult internal situation, given that the effects of the embargo are often able to make its economy suffer from the initiative. It is similar to a blockade, as in "el bloqueo" or the ] American blockade on Cuba.[citationneeded Embargoes generally attempt to pressure weaker adversaries ] to do what the barcading country wishes.[citationneeded Onate of the most comprehensive attempts at an embargo happened during the Napoleonic Wars. In an attempt to cripple the United Kingdom economically, the Continental Systemwhich forbade European nations from trading with the UK- was created. In practice it was not completely enforceable and was