Customs Tariff in Otay

Customs tariff in Otay are a crucial part of the customs process. Tariffs have played important and significant roles in the trade policy of the United States and in the nation’s economic history. The 1st US Congress passed the Tariff Act of 1790 as a basic tax that was not too burdensome or difficult to collect. Like all future tariffs, it levied fees on imported goods at the ports of entry in order to raise revenue for the federal government. Tariffs were the largest source of federal government revenue until the implementation of the federal income tax in 1913 – at times they constituted over 90 percent of federal revenues.

The second major tariff law was enacted in 1816 to help American manufacturers. At that time, Britain had a large stockpile of textiles and iron which drove their prices down; Americans purchased British goods instead of American goods which hurt the economy of the United States. Though we don’t think of a customs tariff in Otay as helping the economy, the money collected do go toward the federal budget and also helps to keep pricing competitive. All through the 19th century, tariffs were enacted to help the American economy, and though tariffs have become less vital to government revenues due to the increase of the income tax and other taxes, they still play a role in keeping markets competitive and raising money.

A customs tariff in Otay and other ports of entry is implemented for a variety of reasons. They are often used to protect domestic employment. Because increased competition from imported goods can hurt domestic industries, American workers can lose their jobs causing unemployment to rise. Tariffs can balance the playing field to some extent, allowing companies to compete and to retain their employees.

Tariffs are also placed to protect consumers from products that deem dangerous. Certain foods from specific countries may be deemed dangerous because of growing conditions or chemicals used in the process, and tariffs can be used to prevent these products from entering the country. A customs tariff in Otay and other border crossings is also imposed to help infant and developing industries. Tariffs protect these new industries by maintaining a competitive market for their products.

Tariffs are also used for national security reasons. Some industries, such as national security, have an effect on the safety of the country. Placing tariffs on industries involved with national defense and security help protect products and information developed by these industries from getting in to the wrong hands.

A customs tariff in Otay and at all United States ports of entry can both help and hurt. For example, a tariff on a certain type of product may help American manufacturers compete, but it can also drive up the prices, hurting American consumers. Tariffs have been used since the beginning of the nation, and will continue to be an important part of economic policy.

Customs Tariff in Otay