International Trade A. Why do countries/companies trade? B….
International Trade A. Why do countries/companies trade? B. Why do countries use trade barriers? C. Identify and explain 3 different trade barriers. (Note: embargo is not a trade barrier.) D. Assume you are a business owner living in Rwanda (a developing country in Africa). You export 75% of your products to Europe and North America. Do you think you would support or oppose the use of trade barriers? Explain your answer. E. Assume you are a business owner living in Malaysia (a developing country in Asia). You import 80% of your raw materials from China & India and sell 100% of your products in Malaysia. Do you think you would support or oppose the use of trade barriers? Explain your answer.