Saudi Electronic University US And India Trade Wars Global Economics Discussion

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Zbfuny92

Economics

Saudi electronic university

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Select a developed country that has implemented a tariff, and a developing country that manufactures products that are impacted by that same tariff. The current US and China tariff “war” cannot be used since these are the two largest economies in the world. Investigate the impact of the trade barrier on the developing country’s business sector and quantify the impact, if possible. Would you recommend that the developed country eliminate the tariff? Explain your reasoning.


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Explanation & Answer

Attached.

Running head: U.S AND INDIA TRADE WARS

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Running head: U.S AND INDIA TRADE WARS

2

The U.S and India have been on trade wars since 2018. Trump had imposed tariffs of 25%
on $761 million of steel that was imported from India. He also imposed another tariff on aluminum
by 10% on $382 million. The imposing of these tariffs had affected India’s exports by 2.3%. Since
the imposing of the tariffs on India's exports, the steel products have fallen by 46%. India is the
third-largest steel producer of steel in the world and imposing tariffs on steel has affected the
multinational stee...


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