Respuesta :
Reduction of Tariffs or removal of quantitative constraints.
What is a tariff and why it is imposed?
A tariff is a charge that a governing body levies on imports and exports of goods and services. Typically, tariffs target a particular sector or product and are implemented in a calculated effort to change the balance of trade between the country imposing the tax and its foreign trading partners. As an illustration, adding an import tax raises the price of importing the specified products or services. Theoretically, this increased marginal cost will deter imports, impacting the trade balance.
There are several reasons why governments might decide to apply tariffs, including the following:
- To safeguard emerging industries
- To strengthen national defense initiatives
- To encourage domestic job opportunities
- To combat unfair commercial practices
- safeguarding the environment
Therefore, the international trade policy might involve various complicated kinds of actions, such as the reduction of Tariffs or the removal of quantitative constraints.
For more information on tariffs, refer to the following link:
https://brainly.com/question/23064392
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