1. Our President has stated that if Toyota and other manufacturers build cars across the border in Mexico and sell them in the US, the US will impose a 10% tariff (the international trade term for taxes), on all cars imported from Mexico, what do you think Mexico's response would be and why?
2. Which groups of population in the US will benefit from a 10% tariff on Mexican made cars and which groups would lose out?
3. Will preventing imports create jobs? Why or Why not?