HRM 3503 Temple University US Trade Protection Powerpoint and Paper

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Zrevon

Business Finance

HRM 3503

Temple University

HRM

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the paper is for my international business class, it is a group paper so I just want four pages for my part and what I will talk in my video." I want this to be private from research on the internet as the semester still going on". please follow my professor instruction as we have to cite everything we use. researched using articles from Temple University Library databases. please

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Each group is responsible for a 10 12 page paper and a 20 minute presentation on one of 10 topics I will pre selected. ***Topics are on a first come first served basis . When I release the list of topics, you need to email me ASAP and let me know which topic your team wants to do.*** Papers must be thoroughly researched using arti cles from Temple University Library databases. ALL references must be cited . Every time you use an outside source for an idea – even if you paraphrase what is written, you need to cite it. I would rather see you cite every sentence than not cite at all. People tend to lose a lot of points on the final paper for not citing sources. When you do cite a source, please do not just paste in a weblink. Please try to use the format: (Author, year) in the text of the paper. In your references section, please use the format: Author, Year. “Title,” Source . The source will be a newspaper, journal, etc. After that, you can put in web information. However, I need to be able to easily see who wrote the article and where it wa s published. This is the reason for the format I’m asking for. Please only use credible sources in your analyses . These include academic papers, news stories from major sources, analyses from sources like Euromonitor, IBISWorld, etc. that are part of Temple University Library databases. Your papers will be graded for content, organization and style. Please write in one voice in formal business language. Please do not use bullet points in your written papers. You will need to record an 18 – 20 minute presentati on (WebEx, YouTube, Vimeo, etc.. YouTube is preferred). All group members must participate in/contribute to the research, organization, preparation and production of the presentation. If a group member does not particip ate, they will receive a zero for th e individual grade of this project. All group members must participate in/contribute to the research, organization, preparation and production of the presentation. Your presentation should be recorded for an audience with a business background, not nec essarily a mathematics background. Be sure to completely analyze the case and present a strategic recommendation that solves for the business challenge. When necessary you should include charts, graphs, tables, etc. Your recorded WebEx presentation shoul d include a consistent presentation tool and theme throughout, i.e. PowerPoint, Prezi, etc. The initial slide of your presentation should include your team name, each of the team members’ names (first and last), and which case study you are submitting. T hree necessary elements of each video are 1) each presenter must be seen and heard, 2) the PowerPoint must be completely visible during the presentation, and 3) only a single video is to be submitted. 1. Why is the United States, the country that has advocated for free and open international trade, retreating on that position? Recently, the United States has acted unilaterally to impose tariffs on China as well as the EU, Canada and Mexico – our closest trade partners and allies. Additionally, What are the risks of trade protection for the US economy and for the global economy? What are the non-economic risks of rising US trade protection? If you search google news for “globalization”, you will see tons of articles! • • • • • • • • • https://www.theguardian.com/business/2018/may/31/us-fires-opening-salvo-in-trade-warwith-eu-canada-and-mexico https://www.bbc.com/news/business-45899310 https://www.cnbc.com/2019/08/22/why-a-us-trade-war-with-europe-would-be-moredamaging-than-china.html https://www.washingtonpost.com/business/how-the-us-chinatradewargot-to-thispoint/2019/11/08/1a48866e-01ed-11ea-8341-cc3dce52e7de_story.html https://www.industryweek.com/economy/europe-us-escalate-trade-war-new-disputes-wto https://www.washingtonpost.com/business/2020/03/17/trade-war-tariff-coronavirusbusiness/ https://reason.com/2020/03/17/trumps-tariffs-weakened-americas-hospitals-thencoronavirus-hit/ https://www.bloomberg.com/news/articles/2020-03-23/trump-weighs-easing-stay-athome-advice-to-curb-economic-rout https://www.washingtonpost.com/business/2020/03/17/trade-war-tariff-coronavirusbusiness/
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Explanation & Answer

Attached is the complete work. Let me know if you may require any corrections or clarification. Goodbye

Surname 1
DISCUSSION

Name
Course
Professor
April 10, 2020

Surname 2
DISCUSSION
US Trade Protection
Introduction
Towards the end of the year 2018, there was a looming possibility of a full-scale trade war
occurring between the US and its traditional trade allies as President Donald Trump imposed
tariffs on steel and aluminum producers. The Canadian and European leaders were angered by
President Trump’s decision and opted to react swiftly by promising immediate retaliation (The
Guardian, 2018). It was at that time that Trump had also threatened to take protectionist action
against China as the US had long accused China of engaging in intellectual property theft and
unfair trading practices. China got the impression that the US was attempting to hinder its rise as
a global economic power. The dispute between the U.S. and China has resulted in tariffs being
imposed on one another's goods and services worth hundreds of billions of dollars (BBC, 2020).
Trump defended his decision claiming that imposing traffics on aluminum and steel imports are
justified and justified under the WTO national security exemption which allows any government
to take measure deemed necessary to protect its essential security interests.
In retaliation to the imposed tariffs on imports by the US administration, the EU imposed
tariffs on American goods worth 2.8 billion euros in June 2018. China has imposed retaliatory
tariffs on US goods worth over $110 bn. (BBC, 2020). Some of the commodities affected by this
were orange juice, motorcycles and bourbon whiskey. Similarly, Mexico imposed new tariffs on
US products such as pork, bourbon, steel, cheese, and whiskey in June 2018. Canada also
announced tariffs on US products worth 16.6 bn Canadian dollars (BBC, 2018).
The U.S. retreating on its position
As he campaigned for his election into the presidency, Trump promised to ensure trade
became fairer to the United States. After his election into the presidency, the Chinese and the

Surname 3
DISCUSSION
American governments were negotiating on a deal meant to strengthen trade between the two
leading world economies (Morris, 2020). However, this was later followed by the U.S.
government imposing high tariffs which, in turn, undermined the possibility of free and open
trade between the two economies as inflated tariffs, hiked up to 25% from 10%, were imposed
on Chinese goods that were worth hundreds of billions of dollars.
Over the past several months, the Trump administration has been engaging in a tit-for-tat
battle on several fronts on matters concerning international trade with the most intense being the
current conflict with China. The Trump administration has since imposed inflated tariffs on
imported goods for the EU, Canada, Mexico and China (BBC, 2018). According to President
Trump, imposing these tariffs will encourage consumers to purchase locally-made products. By
increasing tariffs, American-made products will likely be cheaper compared to imported goods
and, in turn, the consumers will be encouraged to purchase US-made products. The imposing of
inflated tariffs aimed at boosting local...

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