Assignment task:
Learning Outcome: Examine the nature and impact of the global trade and investment environment.
Read the following: The effects of tariff rates on the U.S. economy: what the Producer Price Index tells us By Brian Hergt
Conduct a little research from 2017 regarding foreign steel and placing tariffs on imports of foreign steel. Cite the link to your research and then answer and discuss the following.
What was the motivation of the Trump administration in placing tariffs on imports of foreign steel in 2017? Who benefits from these tariffs and who loses? In your estimation are the tariffs a positive or negative (or both) for the American economy?
Discuss with your classmates what you think and share constructive feedback on their posts too.