Reference no: EM133079254
INTERNATIONAL ECONOMICS (INT-220-800)WRITTEN ASSIGNMENT FOR MODULE 2: INTERNATIONAL TRADE POLICY
As a United States Senator from North Carolina, you chair the Senate Finance Committee's Subcommittee on International Trade, Customs, and Global Competitiveness. The President is deeply concerned about the impact that imports of cheap Chinese solar panels are having on the development of the fledgling American solar power industry, particularly now that the drop in oil prices has put even more pressure on American solar panel manufacturers by making solar power relatively less attractive. The Administration is urging Congress to enact steep tariffs on Chinese solar panels, accusing the Chinese government of illegally dumping highly subsidized solar panels on the U. S. market at prices far below what U. S. companies charge for comparable products.
The chair of the Senate Finance Committee has told you she wants your subcommittee to investigate the pros and cons of assessing an import tariff on Chinese solar panels sold on the U.S. market. In particular, she has instructed you and your subcommittee to address the following questions and then make a final recommendation on whether or not an import tariff on Chinese solar panel imports should be enacted:
- What would the likely impact be on American solar panel manufacturers?
- What is the likely impact on American consumers, and how will they likely react?
- What are the likely impacts on the following:
- Other American energy sources such as the oil industry, nuclear power, and wind farms?
- Solar panel installers and "green" building construction contractors?
Your recommendation must be supported by at least three citations from outside sources. One of the citations may be from our textbook; the other two (or more) must come from other sources that you should be able to easily find online.
Once again, what I am looking for is not so much what your recommendation is, but how well you understand the basic concepts of trade policy, and how well you can apply these concepts to a "real world" situation to put together a well-reasoned, logical recommendation that is fully supported by the facts you use to support your position.