Respuesta :
When considering the benefit of free trade in neighbouring countries, one government might favour lowering trade barriers but won't do it because of a lack of trust in the other nation.
Give a brief account on Trade barriers.
The government imposes trade restrictions on international trade. The comparative advantage argument claims that trade barriers tend to harm the global economy and reduce overall economic efficiency.
Most trade restrictions work on the same principle: charging a fee to trade that raises the price or scarcity of the items being traded. When two or more nations regularly erect trade obstacles against one another, a trade war results. Tariffs and non-tariff trade barriers are examples of obstacles. Theoretically, free trade entails the removal of all such restrictions, with the potential exception of those that are deemed necessary for the protection of the public's health or safety. However, in reality, even those nations that support free trade substantially subsidize sectors like steel and agriculture.
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