Question

chp 33

One of the many items mentioned in the last presidential campaign was the problem of outsourcing jobs overseas. President-elect Trump vowed to raise and impose tariffs on imported goods in an effort to bring jobs back to the United States. Discuss here this strategy and whether or not this can be successful and the possible consequences if there are any. Support your argument and, as always, respond to at least two other postings.

Answer 1

This strategy of imposing tariff on goods is not and good idea as it will only effect the economy of US because if imported goods are tariffed than the other countries will also raise tariffs on US exports, due to these tariffs the suppliers of these goods will raise the prices on these goods to overcomes tariff costs and they will make the consumer pay in which again US citizens pays the tariffs it means the people are burdened because of this decisions.

Due to this imposing tariffs on imports the relations of economic and trade with other countries will be affected which is not a good sign. If they want to stop outsourcing jobs than the government should try other alternatives like talking with the firms to keep them away from outsourcing in other countries or talk with them that 70% of job should should be done here in US and the rest of the job for the completion of project can be outsourced.

But raising tariffs is not a dominance strategy but is a weak strategy which will effect both people and country.

Sometimes decisions of own intentions will have large effects .