International Importation and Exportation of Cars

International Trade
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Introduction
There many products that are internationally traded and different countries have different policies for trading; either exporting or importing. Auto motives, crude oil, natural gas and coffee are examples of internationally traded products in the modern day. There are different ways in which these products flow from one country to another, and there may be tariffs, quotas or restrictions for the trading of these products in different countries.
Cars are internationally traded, and U.S. is one of the countries that engage in the exportation and importation of the product. The U.S. mostly imports cars from Japan. Flow of cars from one country to another for trade is done through ships. There are tariffs, quotas, and restrictions imposed on automotive trading in the U.S. Tariffs are taxes that the governments levy on imported auto motives. Quotas are where the government...