Free trade is beneficial to all trading nations. However, many countries levy tariffs (and non-tariff barriers) for various reasons including employment considerations, income distribution effect, government financing and infant industry protection. Deadweight loss (DWL) refers to welfare losses due to tariffs (and non-tariff barriers). Suppose a small country levies a specific tariff on import. Answer the following sub-questions.

(1) Do you believe that the tariff is good for government? Explain.

(2) DWL, as the net effect for the tariff-imposing country, represents the 'waste' of protection. Explain why this is a 'waste' from the perspective of producers and consumers.