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The United States exports about $36 million of cereal grain (wheat, barley, corn, and oats) to Spain annually. Suppose the Spanish government were to retaliate against the U. S. olive tariff by imposing its own tariff on U. S. exports on cereal grain to Spain. This would cause what
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The United States exports about $36 million of cereal grain (wheat, barley, corn, and oats) to Spain...
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