Tariffs Discussion Board

Anonymous
timer Asked: Nov 26th, 2018
account_balance_wallet $10

Question description

This is a discussion board assignment. Please use the links provided to answer the questions.

Tariffs

  • What are tariffs - what is their stated purpose?
  • Why are tariffs in the news lately?
  • If imposed, what will the impact of these tariffs be?
    • If the United States imposes tariffs on imports from other countries including China, Canada, Mexico, etc. and they retaliate and impose tariffs on what we export to them, how will it impact American jobs and the American economy?

Tariffs - The Economic Effect of Tariffs

https://www.thoughtco.com/the-economic-effect-of-tariffs-1146368

The Basics of Tariffs And Trade Barriers

https://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp

Trump hits China with tariffs, heightening concerns of global trade war

https://www.cnn.com/2018/03/22/politics/donald-trump-china-tariffs-trade-war/index.html

New study shows Trump's massive tariffs will hurt the economy and cost 79,000 US jobs

http://www.businessinsider.com/trump-trade-war-tariffs-study-on-economic-impact-lost-jobs-2018-4

How China’s proposed tariffs could affect U.S. workers and industries

https://www.brookings.edu/blog/the-avenue/2018/04/09/how-chinas-tariffs-could-affect-u-s-workers-and-industries/

Tutor Answer

JesseCraig
School: Cornell University

Attached.

Running head: TARIFFS

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TARIFFS
Name:
Institution affiliation:
Date:

TARIFFS

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Tariffs are taxes or duties that are charged on imports by the local government (Moffat,
2018). The main reason why tariffs are charged on imports is that the local government wants to
protect the growing industries in its economy. Brent (2018) argues that there are other reasons
why tariffs are applied. First, they are used to protecting domestic employment. This is a
government initiative to protect local industries from closing, retrenchment of workers or
shifting their production to other countries as a result of the competition that may arise from the
imported goods into the local market. Secondly, tariffs are used to protect consumers. A
government may put a tax on products that may be perceived to harm the consumers. This move
will curb the importation ...

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Anonymous
Good stuff. Would use again.

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