How might a mercantilist say that the US should re-balance the trade deficit with China? -Tax Chinese
Fantastic news! We've Found the answer you've been seeking!
Question:
How might a mercantilist say that the US should re-balance the trade deficit with China?
-Tax Chinese corporations through economic penalties on economically unfriendly production practices.
-Increase the overall volume of global trade.
-Increase agricultural importation and export of precious metals.
-Put high taxes on manufactured products, but low taxes on imported resources.
Expert Answer:
Posted Date:
