SEU Global Economics China and US Tariffs Questions

Question Description

I don’t know how to handle this Economics question and need guidance.

Select a developed country that has implemented a tariff, and a developing country that manufactures products that are impacted by that same tariff. The current US and China tariff “war” cannot be used since these are the two largest economies in the world. Investigate the impact of the trade barrier on the developing country’s business sector and quantify the impact, if possible. Would you recommend that the developed country eliminate the tariff? Explain your reasoning.

Tags:
US and China tariff

developing country that manufactures products

largest economies in the world

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