Join the IDNLearn.com community and start finding the answers you need today. Get accurate and comprehensive answers to your questions from our community of knowledgeable professionals.
Sagot :
Final answer:
Tariffs and subsidies affect trade by impacting prices and competition. Removing these barriers has advantages and disadvantages.
Explanation:
Products with tariffs or subsidies: Some examples include agricultural products like corn subject to tariffs and subsidies. The United States imposes tariffs on steel imports. China subsidizes industries like solar panels.
Dangers or benefits of removing barriers: Removing tariffs can lead to lower prices for consumers but may harm domestic industries. Eliminating subsidies can create fairer competition but might cause job losses in subsidized sectors.
Learn more about International Trade and Regulations here:
https://brainly.com/question/50800230
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Thank you for visiting IDNLearn.com. We’re here to provide accurate and reliable answers, so visit us again soon.