Advantages and disadvantages of instituting an import tariff

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1. Compare and contrast the advantages and disadvantages of instituting an import tariff, or an outright ban on the importation of certain goods into U.S. markets.

2. Include in your research American trade agreements such as the NAFTA (North American Free Americas Agreement) and the proposed trade agreements of the FTAA (Free Trade Area of the Americas), TAFTA (Transatlantic Free Trade Area), and the Trans-Pacific Partnership. What are the main pros and cons argued in favor, and against these trade agreements? Why do you think each party feels the way they do about the issues?

Reference no: EM131198535

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