7 ms·
I think you mean sanctions, not tariffs or quotas. There is not a single country that does not apply tariffs or quotas.
by akhatri_aus 8y ago
I think you mean sanctions, not tariffs or quotas. There is not a single country that does not apply tariffs or quotas.
- Karishma1234 8y agoYou call them sanctions when you talk about your enemies, you call them tariffs when you do it to your friends. The difference is nearly 0.
- akhatri_aus 8y agoSanctions involve a total ban on trade. tariffs involve a tax on imports, quota impose a limit on imports. If only 0 was an asymptote it would fit your description.
- Karishma1234 8y agoThink of ban as a variable between 0 - 1. Sanctions = 1.0 and Tarrifs < 1.0. Tarrifs are sanctions. (Increasing taxes on something is a partial ban).
- toomanybeersies 8y agoSingapore doesn't. Not in the trade protectionist sense anyway.
- akhatri_aus 8y agoNot really, even Singapore has its duties. It's only 0% for everything if you're going for re-export. https://www.customs.gov.sg/businesses/valuation-duties-taxes--fees/duties-and-dutiable-goods https://www.customs.gov.sg/businesses/valuation-duties-taxes...
- toomanybeersies 8y agoExcise is a bit different to tariffs though. Even if you produced those items in Singapore you pay the same excise. The 20% on cars isn't to protect the (non-existent) car manufacturing industry of Singapore, but to reduce demand for cars.