Question
How does Porter's Diamond Theory play a role in these questions? In 2018, the US announced it would place large tariffs on Aluminum imported from
How does Porter's Diamond Theory play a role in these questions?
- In 2018, the US announced it would place large tariffs on Aluminum imported from China as a way of
stimulating the growth of the US Aluminum Industry.
Q. 3a. What, if any, impact did these tariffs have on improving the competitiveness of US Aluminum firms? Was there substantial new job creation because of these quotas?
Q. 3b. What, if any, impact did these tariffs have on the price of Consumer Goods using aluminum
(Like Canned Soda and Energy Drinks) as a component of production?
3c. Explain why Porter would say protectionist tariffs are counterproductive for creating a competitive
advantage for the Nation's firms within any industry.
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