Question
The President of the United States has imposed high tariffs on hundreds of billions of dollars' worth of imports from China. a.(4) Please provide two
The President of the United States has imposed high tariffs on hundreds of billions of dollars' worth of imports from China.
a.(4) Please provide two reasons that explain why this policy is bad for the US economy?
b.(4) Despite being bad for the US economy as a whole, it is still a popular policy among some specific groups of Americans. Please name one such group and explain why they would be in support of the policy. Also explain how such a relatively small group can persuade the president to enact a policy that is good for them but not good for the country as a whole?
c. (4) As an emerging expert on the topic of trade, please give two policy recommendations America could adopt to help people that are losing from increased trade with China?
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