Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ple 1. Please read the letter written to the editor of the Wall Street Journal and specify the trade issues it may refer to. If

Ple\\

image text in transcribed
1. Please read the letter written to the editor of the Wall Street Journal and specify the trade issues it may refer to. If you were an economist, how would you respond to Bill Aspen? A LEI'rER TO THE EDITOR of the WSJ. I Tuesday, July 28, 2020 l was an owner of an aluminum foundry near Boston in the early 20005. We supplied a major semiconductor test-machine manufacturer with considerable business in China. i remember one very complex 300-lb. casting our customer was forced by the Chinese government to source in C hina to be allowed to sell machines there. Although it tool: them three years to nd a Chinese foundry capable of m aki tag it, they nally did, and we lost over $l million in revenue. Further: the machining source in New Hampshire where we shipped the casting lost the machining work Like so many foundries, we closed in 2009. We must emulate the Chinese by requiring American companies to source port: in the US. Forget tari', require a specific amount of work be brought back to the U.S. over a period of years. it won 1' correct our problem overnight. but by bringing back an increasing amount of product and components each year we will achieve the desired result. BILL SCHAFFER Aspen, Colo

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Local Consumption And Global Environmental Impacts Accounting, Trade-offs And Sustainability

Authors: Kuishuang Feng, Klaus Hubacek, Yang Yu

1st Edition

1317577272, 9781317577270

More Books

Students also viewed these Economics questions

Question

How to calculate monthly returns SymbolGOOG MNST

Answered: 1 week ago

Question

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago