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Consider the following: Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon
Considerthe following:
- Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied.
- The term "trade deficits" is a misnomer. Every country's trade is always in balance.
- Trade deficits do not mean the US no longer produces anything to export. The US is the world's second largest manufacturer and the world's second largest exporter of manufactured goods.
- Trade deficits reflect a strong economy. Trade deficits rise during economic expansions and fall during economic contractions. Unemployment falls as trade deficits rise and rises as trade deficits fall
Evaluate how US trade policy changes in thelast 2 yearsaffect global trade activities by multinational corporations.
Discuss credible economists' opinions on the long-term effects of trade and tariff policies changes in thelast 2 years.
Explain the effectrecentchanges to trade and tariff policies have had on your employer, you, or someone you know.
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