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Assume the following government interventions have been proposed in the United States on various agricultural products: read the following: https://www.france24.com/en/europe/20211031-eu-us-reach-deal-to-end-row-over-trump-era-aluminum-and-steel-tariffs 25% tariffs on imports of


Assume the following government interventions have been proposed in the United States on various agricultural products:  

read the following:

https://www.france24.com/en/europe/20211031-eu-us-reach-deal-to-end-row-over-trump-era-aluminum-and-steel-tariffs

  • 25% tariffs on imports of agricultural products (tariffs),
  • 25% discount of farmers taxes (subsidies),
  • A limitation of the quantity (in tons) of grain being imported (quotas)

A)Identify the benefits and consequences of these interventions from three unique perspectives:

  • a business executive of a major U.S. agricultural products corporation, such as Cargill or ADM;
  • a United States consumer; and
  • a business executive of a major foreign agricultural products corporation, such as JBS S.A., BRF SA, or Bachoco.

After reading the article, answer the following questions from each perspective:

  1. What is your preference or philosophy toward free international trade?
  2. Which type of intervention do you prefer?
  3. What are the potential pros and/or cons of each intervention in the short and long terms?
  4. Under what conditions would you change your view toward supporting or not supporting proposed government interventions toward international free trade?

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