Question: Article link:https://fas.org/sgp/crs/row/IF10156.pdfhttps://fas.org/sgp/crs/row/IF10156.pdf(Links to an external site.) The article is about U.S. Trade Policy, the article talks about the United States trade policies and trade related

Article link:https://fas.org/sgp/crs/row/IF10156.pdfhttps://fas.org/sgp/crs/row/IF10156.pdf(Links to an external site.)

The article is about U.S. Trade Policy, the article talks about the United States trade policies and trade related issues that the country faces.

  • How U.S. imposition of tariff affects the economy?
  • How China is threatening U.S. and how U.S. is tackling the trade relation with China?

*Post clearly illustrates impact on consumer prices (therefore leading to decrease of consumer surplus), and on domestic industry (applying the redistributive effect). Any perspective on deadweight loss?

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