Who the losers are from the imposition of tariffs

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Assignment:

Suppose you are a business owner of an Australian firm that produces hearing equipment in Malaysia. You sell some of your products back to Australia, but mainly export your products to the United States. The U.S. government decides to impose punitive 100 percent ad valorem tariffs on imports of a wide range of products including hearing equipment from Malaysia to punish the country for administrative trade barriers that restrict U.S. exports to Malaysia. How do you think your firm should respond? Briefly explain who the winners are and who the losers are from the imposition of tariffs?

Reference no: EM133237281

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