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Q: Do trade restrictions evoke retaliation by trade partners?
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Related questions

Who were the Persian Empire trade partners?

The Persians empire trade partners were the Greeks.


What placed trade restrictions on the colonies. England benefited from these trade restrictions. What term describe this?

This is mercantilism.


How did the unites states attempt to weaken Japan before the World War 2?

By placing trade restrictions on Japan.


When countries import and export goods without restrictions it is called?

It is called free trade when there are no restrictions. Many countries do not have Êfree trade and do have restrictions on them.


What are Switzerland's trade partners?

Germany, USA, France, Italy and the UK are Switzerland's major trade partners.


How did the United Nations react in the early 1990s to Iraq's violation of an international treaty?

The UN issued sanctions and trade restrictions.


How did the tariffs damage the U.S economy?

By angering foreign trade partners- apex


What is an example of trade restriction?

Tariffs and embargos are trade restrictions.


What is the !term that describes international trade that is not controlled or affected by any legal restrictions?

Free trade is international trade that is not controlled or affected by any legal restrictions.


What is the economic term that describes international trade that is not controlled or affected by an legal restrictions?

Free trade is international trade that is not controlled or affected by any legal restrictions.


Why did the US impose trade embargo against Vietnam?

Retaliation or revenge, you pick.


Unilateral and multilateral approaches to trade?

A country can take one of two approaches to achieving free trade. It can take a unilateral approach and remove its trade restrictions on its own. This is the approach that Great Britain took in the nineteenth century and that Chile and South Korea have taken in more recent years. Alternatively, a country can take a multilateral approach and reduce its trade restrictions while other countries do the same. In other words , it can bargain with its trading partners in an attempt to reduce trade restrictions around the world. One example of multilateral approach is the North American Free Trade Agreement (NAFTA), which in 1994 lowered trade barriers among the USA, Mexico and Canada.