Former President Trump spent four years upending seven decades of American trade policy. In what became his defining economic act, Trump launched a trade war with China. On another front, he taxed the steel and aluminum of U.S. allies. And he terrified Americas own corporations by threatening to wreck a $1.4 trillion in annual trade with Mexico and Canada. All of it came wrapped in a singular message, delivered with a Trumpian roar: America had too long been exploited by the horrendous deals forged by his predecessors. Yet for all the drama that drove his confrontational policies for four years, it comes down to this: not very much really changed. Americas deficit in goods and services now exceeds what it was under Barack Obama. Steel and aluminum makers have cut jobs despite Trumps protectionist policies on their behalf. His deals made scarcely a ripple in a $20 trillion economy. Notably Biden hasnt said whether he would retain tariffs Trump imposed on about $360 billion in Chinese goodswell over half of what Beijing ships to the U.S. every year.

3A. Depict a market for products exported to the United States from China prior to the Trump administration. Label initial curves and price and quantity with subscript 1.

3B. Depict a market for goods produced domestically in the United States prior to the Trump administration. Label initial curves and price and quantity with subscript 1.

3C. Return to the market for products exported to the United States from China in 3A above and make changes to both markets in the aftermath of President Trump consistent with information in the article. Label new curves and price and quantity with subscript 2