Suppose that in response to huge job losses in the U.S. textile industry, Congress imposes a 100 percent tariff on imports of textiles from China. What is the effect of the increased tariff on U.S. and Chinese gains from trade? In the United States, who gains and who loses from the increased tariff? With the increased tariff, {ji- A. U.S. gains from trade will decrease and Chinese gains from trade will increase {2- B. U.S. gains from trade will increase and Chinese gains from trade will decrease "'12- C. both U.S. and Chinese gains from trade will increase 5'} D. both U.S. and Chinese gains from trade will decrease In the United States, will gain and will lose. {"2} A. textile workers and owners of textile firms; all consumers {@1- B. producers of goods other than textiles; textile consumers C. all consumers; producers of goods other than textiles D. textile workers and owners of textile firms; textile consumers Trump imposes tariffs on solar panels and washing machines President Donald Trump has imposed a 30 percent tariff on imports of solar panels and a 20 percent tariff on washing machines. What is an anti-dumping tariff? What argument might U.S. solar panel and washing machine manufacturers use to get the government to raise the tariff? E) An anti-dumping tariff {I} A. is paid to the domestic producer of the dumped good -: B. raises the price of the imported good so that the domestic price reects what the importing country believes is the true cost of production C. reduces the quantity of the good imported into the country to zero D. is a payment by the government of the importing country to domestic producers of goods similar to the one being dumped E. increases the price of goods that are exported into the country that is suspected of dumping To encourage the U.S. government to raise the tariff on solar panel and washing machine imports, U.S. solar panel and washing machine manufactures might argue that U.S. solar panels and U.S. washing machines are infant industries foreign exporters of solar panels and washing machines are engaging in predatory pricing foreign producers are capable of producing a higher quality of solar panels and washing machines and U.S. producers are unable to compete a tariff will lower the price of solar panels and washing machines for U.S. consumers 919.097? free trade is bad for the U.S. economy