Explain the disadvantages of free trade and protectionism

Reference no: EM132676849

Assignment: President Trump announced on March 1, 2018 that the U.S. government would impose 25% tariffs on imported steel and 10% tariffs on imported aluminum, which re-ignited the hot debate of free trade versus protectionism.

• Assess why the U.S. government should protect the U.S. steel and aluminum industries. Are they infant industries?

• Evaluate the advantages and disadvantages of free trade and protectionism.

• What would be the economic impacts of free trade and protectionism on the following aspects of U.S. economy: Prices, employment/unemployment, GDP, producers and workers, and consumers? For protectionism, you may refer to a particular case of the U.S. steel industry, aluminum industry, manufacturing industry, automobile industry, or any other industry.

• Are you in favor of free trade or protectionism? Explain your reasoning.

The Protectionism Versus Free Trade Paper

1. Must be three to four double-spaced pages in length (not including title and references pages) and formatted according to the Ashford Writing Center's APA Style.

2. Must include a separate title page with the following:

• Title of paper

• Student's name

• Course name and number

• Instructor's name

• Date submitted

For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013.

3. Must utilize academic voice. See the Academic Voice resource for additional guidance.

4. Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.

5. For assistance on writing Introductions & Conclusions as well as Writing a Thesis Statement, refer to the Ashford Writing Center resources.

6. Must use at least three scholarly, peer-reviewed, and/or credible sources.

• The Scholarly, Peer Reviewed, and Other Credible Sources table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.

7. Must document any information used from sources in APA style as outlined in the Ashford Writing Center's Citing Within Your Paper.

8. Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List resource in the Ashford Writing Center for specifications.

Reference no: EM132676849

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