how governments use trade barriers in relation to foreign trade
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Generally, governments impose barriers to protect the domestic industry or to “punish” a trading partner. ... Trade barriers, such as taxes on food imports or subsidies for farmers in developed economies, lead to overproduction and dumping on world markets, thus lowering prices and hurting poor-country farmers.
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Generally, governments impose barriers to protect domestic industry or to “punish” a trading partner. ... Trade barriers, such as taxes on food imports or subsidies for farmers in developed economies, lead to overproduction and dumping on world markets, thus lowering prices and hurting poor-country farmers.
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