Question: Make the argument for why the United States should eliminate completely all of its trade barriers to imports from other countries-even if other countries continue
- Make the argument for why the United States should eliminate completely all of its trade barriers to imports from other countries-even if other countries continue to keep their barriers to U.S. products. This would mean that the United States should give up trying to negotiate reciprocal "fair" trade deals with its major trading partners (China, European Union, Korea, Japan) Make the argument as strongly as you can utilizing the information in Chapters 20 and 21.You are welcome to incorporate outside sources as long as you cite them properly.
- Do you believe your argument? Explain why or why not using economic reasoning.Do any of the arguments in support of restricting imports outlined inSection 21.3of your text support justify the administration's decision to increase tariffs on Chinese goods? Explain your reasoning.Do you approve or disapprove of the administration's decision to increase tariffs on Chinese goods? Why? Is there an alternative to imposing higher tariffs in order to reduce the U.S. trade deficit? Or is the trade deficit not a major concern given the Coronavirus pandemic?
links:
https://openstax.org/books/principles-macroeconomics-2e/pages/21-3-arguments-in-support-of-restricting-imports
https://en.wikipedia.org/wiki/APA_style
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