Economics Homework Help

ECON Saudi Electronic University Trade Tariffs & Custom Duties Discussion

 

I’m working on a economics discussion question and need support 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.