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August 17, 2024

Tariffs Impact on Developing and Developed Countries

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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