From an economic perspective, studies of the costs of trade barriers show that they

Question

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Multiple economic studies have consistently found that the costs of trade barriers, such as tariffs and quotas, far exceed their benefits for society as a whole. This is because trade barriers not only raise prices for consumers but also reduce overall economic efficiency by limiting competition and reducing the incentives for innovation and specialization. Additionally, retaliatory trade barriers from other countries can harm domestic producers that rely on exports.

From an Economic Perspective, Studies of the Costs of Trade