This extra credit assignment is a written assignment that asks students to summarize international trade

and barriers to trade between the United States and an economy of your choosing. This extra credit

opportunity is optional, and is worth up to $5\%$ of extra credit for the course overall.

$12/14.$

Begin by choosing a country whose trade relationship with the United States you would like to explore. I

ask that students choose unique countries on a first come, first serve basis. To claim a trading partner of

the US$,$ please see this google sheets spreadsheet and enter your name next to the country you have

chosen.

Once you have identified a country of interest, please address the following in a formally written

summary.

Summary Requirements

First, identify the five most important goods imported from that country into the United States

and identify the five most important goods imported into that country from the United States.

Use value of imports to identify the "most important," and report those statistics for as recent a

year as you can. What are total exports from the US to the nation you have chosen, and what are

the total value of imports into the US from that country?

Second, compare and contrast the two economies. Begin by describing the relative size of the

two economies using Gross Domestic Product as a measure. How big is the US economy relative

to the economy of the nation you have chosen? Identify if the two nations have a bilateral trade

agreement or if they are both part of some multilateral trade agreement.

Third, summarize the tariff rates on the goods you identified in part $1$ above. Identify the tariff

rate that US importers pay for each of the five most important goods imported from that nation,

and identify the tariff rates that are paid on each of the five most important goods imported

from the United States. How doe they compare?

Finally, discuss alternative non$-$tariff barriers to trade. What non$-$tariff barriers to trade are

important for goods that you identified in part $1$ above? Describe them. As part of this

discussion, spend some time researching any recent trade disputes between the US and the

nation of your choosing and report on the key issues from the two nations' perspectives.

Please use MLA style references. I expect that this summary would be anywhere between $2-5$ pages plus

a works cited page. Be sure to cite the sources for your statistics. Please use El Salvador as the country for this assignment and if you have no sources to site that is ok$.$ Thank you