ECN 500 SEU Trade Barriers & High Prices of Imported Goods Discussion
Question Description
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I’m working on a economics discussion question and need the explanation and answer to help me learn.
Trade barriers
Select a developed country that has implemented a tariff, and a developing country that manufactures products that are impacted by that same tariff. The current US and China tariff “war” cannot be used since these are the two largest economies in the world. Investigate the economic impact of the trade barrier on the developing country and the developed country. Would you recommend that the developed country eliminate the tariff? Explain your reasoning.
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