Argue
for or against the U.S. enacting barriers to imports (such as
tariffs and quotas). In what situation(s) do you think barriers
help to develop our national export power, and in what situation(s)
do you think it harms our international trade relationships?
Provide at least one example from the Internet to support your
argument.
If you are asked to estimate the impact of the Trump tariffs on
imports from China using the gravity equation. What would be the
left-hand-side variable? And what would you include on the
right-hand-side variable? Give your predictions on the sign of the
coefficient for each variable included on the righthand-side.
(positive? negative? or zero?)
what are the socioeconomic impacts of high tariffs on imports
and exports for the US economy, and then the consumer? Related to
finance. Please elaborate your answer.
Explain what would happen to the terms of trade if home imposes
a tariffs on imports from the rest of the world under the two set
of assumptions below (10 points, 5 points for each case):
Home is considered a large country (hence, it is able to affect
world prices)
Home is considered a small country (unable to affect world
prices)
(Noted: Assume no retaliations from the foreign countries.)
Is it possible that the current actions of using tariffs to
influence trade policy by the Trump Administration could bring
economy to Great Depression as Smoot-Hawley Act did, or is it less
likely due to a relatively robust economy at this point in time?
Explain.
What is dumping? Can US companies succeed in getting tariffs
imposed on imports by arguing for dumping? what method does US
trade administration use to detect dumping? Why it is so difficult
to detect whether dumping has truly occurred?
What is dumping? Can US companies succeed in getting tariffs
imposed on imports by arguing for dumping? what method does US
trade administration use to detect dumping? Why it is so difficult
to detect whether dumping has truly occurred?
A goverenment this past week imposed a 30% tariffs on Chinese
solar panel imports. Assuming that this policy is extended to all
imports from China, what will happen to the $/RMB exchange rate
(all other things being equal)
True, false, or uncertain: “Tariffs placed on foreign
imports are good overall for the domestic economy (in this case,
the U.S.) consumers by increasing consumer
welfare.”
Briefly explain using at least one (1) real world
example (which you’ll discover online by searching “tariff+American
imports” or the like). Graph the supply and demand with and without
the tariff.