Question: What are the real economic impacts and long-term effects of trade sanctions? Assume that the United States imposes punishingly high tariffs of 100 percent on

What are the real economic impacts and long-term effects of trade sanctions? Assume that the United States imposes punishingly high tariffs of 100 percent on Japanese cars. Immediate costs might be borne by the Japanese manufacturers, U.S. dealerships, or consumers, but what does such a measure do to the long-term health and competitiveness of the U.S. car industry? Could you see any impact on the U.S. lead in innovation, design, and quality? Discuss.

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