At this point, potential gains from further tariff reductions worldwide are

Question

Quizplus · Accepted Answer

While further tariff reductions could still bring benefits, the gains are likely to be relatively small at this point. Many countries have already negotiated lower tariffs through various trade agreements, and further reductions may not be worth the cost of negotiations. Additionally, there may be resistance to reducing tariffs on certain sensitive products or industries.

At This Point, Potential Gains from Further Tariff Reductions Worldwide