Trade regulations (w FixER), Governments that put a tariff, bans, etc. sacrifice part of the financial gains of unrestrained international commerce. Trade obstacles imposed by one country result in retaliatory actions from those other countries, which multiplies the damage.
A country's agreements, policies, and practices that govern commerce with other nations are referred to as its trade policy. The country sets its own prerequisites for trade, including its prices, subsidies, and rules.
Included are any laws or regulations that have a direct impact about how companies and services end up moving to and from nations, such as import duties, import quotas, volunteer trade sanctions, excise duties, tax incentives, and more.
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