Economics Homework Help

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.