Tag: Trade Barriers
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How Tariffs Hurt Small and Medium Enterprises (SMEs)
Tariffs have long been used as a tool to regulate trade and protect domestic industries, but their impact on businesses is far from uniform. While large corporations often have the financial resources and infrastructure to absorb tariff-related costs, small and medium enterprises (SMEs) face much greater challenges. SMEs are the backbone of many economies, including…
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Why Tariffs Are Not the Answer to Global Trade Challenges
Global trade is an intricate web of interconnected economies, supply chains, and manufacturing processes. In this complex system, tariffs are often touted as a solution to protect domestic industries and address trade imbalances. However, the reality is far more nuanced. Tariffs often fail to achieve their intended outcomes, instead creating a cascade of adverse effects…