How do you think our allies and trading partners would react

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Reference no: EM133784708

The U.S trade economy is based on free trade. U.S. companies face large tariffs when exporting products but foreign companies exporting to the U.S. are charged low tariffs on their products.

What effect does the U.S. large trade deficit have on our economy?
Do you think the U.S. government should charge similar tariffs that U.S. companies pay when exporting? Why?
How would you be affected by higher tariffs on imported goods?
If the U.S. restricted all imported products, how would your life change?
How do you think our allies and trading partners would react?
When thinking about the research and information presented in chapter 9, is trade an opportunity to experience what the world has to offer or a threat by opening the United States to foreign countries that could steal our technology and secrets?

Reference no: EM133784708

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