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Published in:
1989 | OriginalPaper | Chapter
Optimum Tariffs and Retaliation
Author : Ali M. El-Agraa
Published in: International Trade
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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In the previous chapter, the economic consequences of tariff imposition were analysed under conditions of constant t/t. However, in a world economy, the imports of one country are the exports of another, so the imposition of a tariff on one commodity by one country should be analysed in terms of the markets in both countries.