2. (10 points) Assume that the largest John Deere Tractor distributorship in the U.S. has a 20% tariff on products sold in Canada. Assume John Deere Tractor has a 50% share of the Canadian market while the other half is dominated by Mahindra Company of India. We are interested in understanding what will happen when the 20% tariff comes off the U.S. tractors under the USMCA agreement (note: the 20% tariff remains in effect for Mahindra Company). Ceteris paribus, what is likely to happen to the trade balance and employment in (i) the U.S., (ii) Canada, and (iii) India? Explain each of your responses