Draw a graph of the U.S. market for textiles and show how removing a tariff would change
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Draw a graph of the U.S. market for textiles and show how removing a tariff would change the quantities produced, bought, and imported. Explain why the gains exceed the losses.
The future of U.S.–India relations, in May 2009, Secretary of State Hillary Clinton gave a major speech covering all the issues in U.S.–India relations. On economic and trade relations she noted that India maintains significant barriers to U.S. trade. The United States also maintains barriers against Indian imports such as textiles. Mrs. Clinton, President Obama, and Anand Sharma, the Indian Minister of Commerce and Industry, say they want to dismantle these trade barriers.
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