Indiana Wesleyan University North American Free Trade Agreement Discussion

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puno1702

Business Finance

Question Description

I need an explanation for this Business Law question to help me study.

  1. Consider the following:

    In terms of job loss, North Carolina is one of the states most adversely affected by the North American Free Trade Agreement (NAFTA). Assume hypothetically that North Carolina is considering a 25% tariff (tax) on all foreign-manufactured textiles and furniture items imported into the state. The tariff’s purpose will be predominantly protective, designed to protect and advance textile and furniture manufacturers in North Carolina and to create jobs.
  2. In one- to two-page letter, advise the lawmakers in North Carolina of the constitutionality of such a tariff.

Explanation & Answer:
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Explanation & Answer

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Running head: NAFTA

1

North American Free Trade Agreement (NAFTA)
Name
Course
Professor
Date

NAFTA

2
North American Free Trade Agreement (NAFTA)

19/12/2019.
North Carolina House of Representatives
16 W Jones St, Raleigh, NC 27601,
The United States.
Dear Representatives,
RE: INTRODUCTION OF A 25% TARIFF ON ALL FOREIGN-MANUFACTURED
TEXTILES AND FURNITURE ITEMS IMPORTED INTO THE STATE
In the recent past, North Carolina has witnessed a slow but steady decline in the
performance of its textile manufacturing industry as well as the furniture...

PuybrY134 (17571)
Cornell University

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