Which type of government would most likely not allow class distinctions so that all people are seen as equals both financially and socially?

The answer is a socialist government.

A socialist government would most likely not allow class distinctions so that all people are seen as equals both financially and socially

Explanation:

A socialist government refers to a system of government where there is collective ownership of the means of production. Every member of the society equally owns the means of production which are labor, capital, entrepreneur and so on. A socialist government makes individual needs and social needs their priority. They allocate resources using central planning.

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.