How will president trump imposition of tariffs on aluminum

Assignment Help Macroeconomics

Reference no: EM133243213

Assignment:

Welcome to the discussion. Need long explanation.

Before the North American Free Trade Agreement (NAFTA) was signed, there was a big discussion at all levels. The Congress, the unions, the public, the President, offered their views. The Treaty finally entered into force in 1994. Free trade agreements do not affect everyone equally; that is why their signatures involve "heated" discussions; to the point that the current President of the United States, Mr. Donald Trump proposed renegotiating not only NAFTA, but all the trade agreements signed even with the European Economic Community and challenged China by imposing tariffs on imports of goods and services from that country. In December 2018, the United States, Mexico and Canada signed an agreement: the United States, Mexico and Canada Agreement (USMCA), which replaced NAFTA.

1. Is it a good idea for the United States to have signed the USMCA with Canada and Mexico?

2. What are some of the arguments for?

3. What are some of the arguments against?

4. If you had been able to vote, would you have voted for or against signing the NAFTA treaty or replacing it with the USMCA?

5. How will President Trump's imposition of tariffs on aluminum imports into the United States affect you as a consumer? Why?

Reference no: EM133243213

Questions Cloud

Discussion of privatizing medicare : There has been some discussion of privatizing Medicare. What are the pros and cons of this idea?

Remote work remains reality for foreseeable future : As remote work remains the reality for the foreseeable future employers and health and welfare consultants will need to offer greater benefits personalization

Alberta law-which of these actions are legally permitted : Big Blue Inn is a boutique hotel privately owned by the Murray McMoney, a local land developer. Which of these actions are legally permitted?

Can you think of fiscal policy to stabilize the economy : Implement changes in policy (i.e., tax codes, the welfare system), can you think of any problems with using fiscal policy to stabilize the economy?

How will president trump imposition of tariffs on aluminum : How will President Trump's imposition of tariffs on aluminum imports into the United States affect you as a consumer? Why?

Explain supply and demand factors that are influencing rate : Find an estimate of the current unemployment rate in Colorado (cite it). Using this figure, explain the supply and demand factors that are influencing the rate.

Discusses the federal minimum-wage law : Now suppose the secretary of labor proposes an increase in the minimum wage. What effect would this increase have on employment?

Discuss different market economic systems : Locate a recent article (published within the last year) that discusses capitalism and economic market systems in the United States.

Difference between poverty incidence-subsistence incident : Difference between poverty incidence and subsistence incident. Inequality as a necessary consequence of economic growth.

User Account

All Pages