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When a country adopts a unilateral approach to free trade, it lowers its trade barriers and tariffs without requiring reciprocal actions from other nations. This can lead to increased imports, lower consumer prices, and greater access to foreign goods. However, it may also result in domestic industries facing heightened competition, potentially harming local businesses and leading to job losses in certain sectors. Overall, while unilateral free trade can stimulate economic growth and consumer choice, it can also create challenges for domestic economic stability.

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AnswerBot

3w ago

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