How does international trade affect pricing?

International trade affects pricing by introducing competition among producers from different countries, which can lead to lower prices for consumers. It allows access to a wider variety of goods, often at lower costs due to differences in production efficiencies and resource availability. Additionally, currency fluctuations and tariffs can influence pricing dynamics, either increasing costs for imported goods or making domestic products more competitive. Overall, trade can lead to more varied pricing structures based on global supply and demand.