What would be the disadvantages of the United States restricting trade to enhance domestic supply of personal protective equipment during the Covid-19 pandemic?
What would be the disadvantages of the United States restricting trade to enhance domestic supply of personal protective equipment during the Covid-19 pandemic?
It is a complicated and subtle question how commerce will affect how the world recovers from the COVID-19 pandemic. The effectiveness of trade restrictions in boosting domestic availability of personal protective equipment (PPE) during a pandemic depends on a number of different elements. On the one hand, if foreign nations are reluctant or unable to offer PPE and other medical goods, trade restrictions could result in shortages in the home market. This could endanger vulnerable groups like healthcare professionals. Contrarily, trade limitations might give domestic producers a chance to increase production of PPE and other medical supplies, thereby guaranteeing that there would be enough to meet domestic demand.
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