According to an article, published by the American Action Forum, United States unilaterally imposed numerous tariffs on

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According to an article, published by the American Action Forum, “United States unilaterally imposed numerous tariffs on steel and aluminum . . . from China . . . creating upward pressures on prices . . . (The) tariffs have a notable impact on trade levels, decreasing both exports and imports, . . . (and) reduces the consumer’s options” (https://www.americanactionforum.org/research/thetotal- cost-of-tariffs/). Briefly explain how the country is better off using this approach.

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International Economics

ISBN: 9781292433998

8th Global Edition

Authors: James Gerber

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