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How Governments Influence Trade

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How do you feel governments influence trade when they place special duties or import tariffs on goods? Can you describe any situations where this has happened and what the impact has been on the country, community, or commodity?

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Every country controls the flow of goods and services that come in and out of its borders. Likewise, governments may protect their own firms from these global competitors by implementing policies designed to serve this purpose. Among the instruments of trade control are tariffs or taxes as well as direct price influences and quantity controls that limit the supply of a product.
Case: European and US ...

Solution Summary

Trade control, instruments of protecting country's businesses from global competition are determined.
* Case: European and US Trade Relations 1993
How companies can handle trade restrictions and the effects of trade sanctions are discussed. The solution is 313 words with one non-APA reference.

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