Trade Policy Tools

Trade policies come in many varieties. Generally they consist of either taxes or subsidies, quantitative restrictions or encouragements, on either imported or exported goods, services and assets. In this section we describe many of the policies that countries have implemented or have proposed implementing. For each policy we present examples of their use in the US or in other countries. The purpose of this section is not to explain the likely effects of each policy, but rather to define and describe the use of each policy.

• Import Tariffs
• Import Quotas
• Voluntary Export Restraints (VERs)
• Export Taxes
• Export Subsidies
• Voluntary Import Expansions (VIEs)
• Other Trade Policies

International Trade Theory and Policy - Chapter 10-0: Last Updated on 8/14/03