Real Case Analysis:

TheEffect of Proposed Tariffson U.S. Economy On March 8, 2018, the president of the United States at a news conferenceannounced a plan to impose tariffs on certain goods imported into the U.S. that is perceived tohave a negative impact on the U.S. economy. The proposedpolicy imposed25% tariffon steel and a 10% tariffon aluminum.

2.What is thepresident's motivefor thetariff proposition? (Economic, political or cultural?). Discuss-Who islikely to be impacted by this policy? Think of the different stakeholdersindustries that use steel or aluminum, customers, steel companiesand their employees, etc. Thus, present theadvantages and disadvantagesof the policy if implemented. -What is the likelihood of response (retaliation) by other countries? -Are there any WTO rulesthat apply or will apply to this issue? How will WTO reactor what will it do? What should it do?