Why would countries be willing to place barriers on trade? Explain two factors that might encourage a country to place quotas and tariffs on imported goods.

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asked Jun 25, 2021 113k views

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Literal · Answer 1 · 2021-06-26T07:39:45+0000

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Trade barrier and tariffs are also used as a form of diplomacy. Trade barriers are imposed on good and services from a country that a nation considers hostile

Hoffmann · Answer 2 · 2021-06-30T05:15:32+0000

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To protect its local industries and jobs. Placing trade barriers restricts cheaper goods and service that may out-compete those of the local market if allowed to freely compete in the local market.

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Why would countries be willing to place barriers on trade? Explain two factors that might encourage a country to place quotas and tariffs on imported goods.

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