Economics Homework Help

SEU Imports and Exports of Goods and Services Discussion

 

I’m working on a international economics discussion question and need an explanation and answer to help me learn.

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.