Click here to access an article on EU tariffs. This is a timely reminder that protectionism is once again on the agenda as the EU (and other trade blocs) fight to maintain market share in a recession hit world economy.
The article highlights the issues regarding tariffs as a specific protectionist tool. Trade blocs are open to retaliation, there are many advantages, but also consequences for such a policy.
Excellent application marks for any question on this topic.
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