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Effects of Tariffs. Assume a simple world in which the U.S. exports soft drinks and beer to France and imports wine from France. If the

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Effects of Tariffs. Assume a simple world in which the U.S. exports soft drinks and beer to France and imports wine from France. If the U.S. imposes large tariffs on the French wine. explain the likely impact on the values of the U.S. beverage firms, U.S. wine producers, French beverage firms, and French wine producers. Do you expect any reaction from the French government

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