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One conclusion that can be drawn regarding import tariffs is that they

User Linucks
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One conclusion that can be drawn regarding import tariffs is that, it levied tax upon goods from other countries, its policies can affect world prices for big countries can use tariff to lower the price it pays to other boundaries but they get higher prices for their products. With this, we can conclude that import tariffs are definitely pro-producer and anti-customer. At present, tariffs are the most common kind of barrier to trade, there should be mutual tariff reductions so that there will be increase in the overall efficiency of the world economy. Moreover, nations are always better off when they buy and sell from one another. However, international trade can be one of the most argumentative political issue until today.

User Ben Myers
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