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What Is the Impact of Tariffs on a Country’s Exports and Global Trade Flows? Tariffs are like toll gates on international roads. When one country raises the toll for goods coming in, traffic patterns meaning global trade shift…
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Why people think tariffs can help The infant-industry argument is simple and intuitive: new industries may need temporary shelter from world competition while they learn, reach scale, adopt technology, and get more productive. If you expose them immediately…