Asked by
Miguel Jauregui
on Oct 25, 2024
Verified
The United States and the European Union levy heavy import tariffs on agricultural products,which hurt many poor farmers from the very poorest countries in the world.
Import Tariffs
Taxes imposed by a government on goods brought into the country from abroad, often used to protect domestic industries from foreign competition.
- Acknowledge the influence of trade measures such as tariffs and quotas on domestic markets and the global economic scene.
- Understand the political factors influencing the adoption of trade protection strategies.
Verified Answer
MW
Learning Objectives
- Acknowledge the influence of trade measures such as tariffs and quotas on domestic markets and the global economic scene.
- Understand the political factors influencing the adoption of trade protection strategies.
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