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
• APA style

Readings required

• Chapter 4 PowerPoint slides
• Sugiharti, 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
• Hoekman, 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/04BA024C0F1516A44099FC2856CE4602
• Other references can be used (https://www.investopedia.com/)

Note to the Tuter:

You can choose any country that you feel confertable to wright about except for (Israel or Iran)