Why are tariffs and quotas barriers to trade 2024?
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Works at the International Criminal Court, Lives in The Hague, Netherlands.
The most common barrier to trade is a tariff--a tax on imports. Tariffs raise the price of imported goods relative to domestic goods (goods produced at home). ... Both tariffs and subsidies raise the price of foreign goods relative to domestic goods, which reduces imports.
2023-04-28 17:06:47
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Ethan Martin
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The most common barrier to trade is a tariff--a tax on imports. Tariffs raise the price of imported goods relative to domestic goods (goods produced at home). ... Both tariffs and subsidies raise the price of foreign goods relative to domestic goods, which reduces imports.
