SEU Japan and Saudi Arabia Trade Tariffs Paper

Description

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.

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.
You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.
Describe the different types of tariff and non-tariff trade barriers.

Analyze the welfare effects of tariff trade barriers.
ReadingsRequired:Chapter 4 in International EconomicsHoekman, B., & Shepherd, B. (2021). Services trade policies and economic integration: new evidence for developing countries. World Trade Review, 20(1), 115-134. Retrieved from https://www.cambridge.org/core/journals/world-trade-review/article/services-trade-policies-and-economic-integration-new-evidence-for-developing-countries/04BA024C0F1516A44099FC2856CE4602Recommended: Chapter 4 PowerPoint slides Chapter 4 PowerPoint slides – ????????? ??????? – International EconomicsSugiharti, L., Purwono, R., & Padilla, M. (2020). Analysis of determinants of Indonesian agricultural exports. Entrepreneurship and Sustainability Issues, 7(4), 2676-2695. Retrieved from  https://jssidoi.org/jesi/issue/28  Buchel, K., Legge, S., Pochon, V., & Wegmuller, P. (2020). Swiss trade during COVID-19 pandemic: an early appraisal. Swiss Journal of Economics and Statistics, 156(1). Retrieved from  https://sjes.springeropen.com/articles/10.1186/s41937-020-00069-3 

Explanation & Answer:
2 pages

Tags:
business and finance

Economy

tariff Trade Barriers

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