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The United States exports about $36 million of cereal grain (wheat, barley, corn, and oats) to Spain annually. Suppose the Spanish government were to retaliate
The United States exports about $36 million of cereal grain (wheat, barley, corn, and oats) to Spain annually. Suppose the Spanish government were to retaliate against the U.S. olive tariff by imposing its own tariff on U.S. exports on cereal grain to Spain. This would cause what? Choose one or more: A. the U.S. grain farmers to experience a decrease in demand B. the U.S. consumers and producers to pay less for products that are produced with these grains C. the price of these grains in the United States to fall, reducing the profit of the U.S. farmer D. the grain farmers in Spain to be able to sell more of their grain and for a higher price than before E. Spanish consumers and producers to pay less for products created with these grains
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