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STEP: 2 of 3 Suppose that the United States imposes tariffs on cars imported from Japan, and in retaliation, Japan imposes tariffs on cars imported
STEP: 2 of 3 Suppose that the United States imposes tariffs on cars imported from Japan, and in retaliation, Japan imposes tariffs on cars imported from the United States. 1 The tariff on Japanese cars will likely have a effect on US auto producers. The tariff on American cars by japan will have a 2 effect on US auto producers. The net effect of these policies together for the US auto producers would be 3 1. Positive or negative 2. Positive or negative 3. a. Ambiguous b. positive C. negative
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