What is a trade barrier? How does a trade barrier impede a country’s access to the export markets? Why would a country restrict trade when it is argued that free trade benefits all nations that engage in such activity and in the process maximizes world welfare?

trade barriers are stuffs that restricts trade:
1. quotas on imports or exports
2. tariff fees on exports or imports

Why put barriers to trade?
1. protect domestic infant industry
if you trade to get what you want, domestic industries suffer because you need to import expensive goods from abroad and domestic industry cannot compete
2. prices on imported goods are higher than prices of local goods

Tacoma Export Marketing (TEMCO) have several switchers near Port of Tacoma for interchanging grain hoppers between their grain elevators and BNSF. I spotted one of their switchers, an ex-GN GP9 switching cars.

Duration : 0:2:33

Technorati Tags: BNSF, EMD, GP9, Tacoma, TEMCO, train, Wasgington