Question: The argument for free trade has been a main theme of international trade economic theories for centuries. Donald Trump believes that a tariff of approx. 30-40% should be placed on products coming into America from China and Mexico.
What impact would this tariff have on
a) The demand curve for a domestic American business producing and selling a similar product in the United States
b) An American business that uses these products as inputs to their own product
Use diagrams to illustrate your answer.
Information related to above question is enclosed below:
Attachment:- Assigment-harley-to.rar