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Business, 21.11.2019 06:31 Squara

When she was 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.

assume that the united states has a comparative advantage in aircraft manufacture and india has a comparative advantage in producing textiles.

explain who in the united states would gain and who might lose from dismantling trade barriers between the united states and india.

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