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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:
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