Throughout the post-World War II era, the importance of tariffs as a trade barrier has

Name: Throughout the post-World War II era, the importance of tariffs as a trade barrier has
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The implementation of multilateral trade agreements and the globalization of trade have led to decreased importance of tariffs as a trade barrier. Tariffs are now generally considered to be a less effective protectionist policy than other measures such as subsidies or non-tariff barriers.

Throughout the Post-World War II Era, the Importance of Tariffs