Tariff Problems in Latin America

L ATIN American tariffs are primarily tariffs for revenue, a fact which makes the approach to this subject one that is perhaps unique in the tariff field. There are in all of the industrially productive countries in Latin America -Brazil, Argentina, Chile, Mexico and Cuba, for instance-tariffs designed to be protective of their infant industries, and other countries protect their producers of foodstuffs, etc., from foreign competition. But in view of the fact that not one country produces anything like its consumption of manufactured products, the protective tariffs work only to increase the prices of the local products and do not shut out imported products. A protective tariff of itself does not shut out foreign imports; it must be combined with adequate domestic production. The questions involved in tariff problems in the twenty Latin American countries are, therefore, of the organization and application of the tariff systems and schedules, and of the tariff's use as a weapon of offense and defense in diplomatic and political, as well as commercial relations with other countries, particularly with the United States; this last is a development of the past two or three years only, and the methods of application of the American tariff to Latin American products has had much to do with its development into a major issue

Business · Economics · International economics · International trade · Latin Americans · Political science · Tariff · Global trade and economics · International Relations in Latin America

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