Problem
1. Tariffs reduce the volume of imports. Do tariffs also reduce the volume of exports? Explain your response.
2. Is a trade deficit a sign of economic weakness? Why or why not?
3. Which nations are the three largest trading partners of the United States?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.