#1 President Trump has been proposing many tariffs on imports from foreign countries such as China. Do you think that these high tariffs will actually drive more production into North American manufacturers and promote the US economy, or will it hurt the U.S. and inflate the costs of U.S. production? Why?
#2 In class we discussed that trade creates winners and losers. So will President Trump’s high tariffs create winners and losers too? Who are they? Also, why should or should not government use trade policy to pick up winners and losers in international trade?
#3 What are some possible solutions to the trade deficit between the United States and China other than high tariffs? Why or why not trade deficit is a problem to worry about?
#4 If Trump is able to impose more tariffs and even the playing field with China, will a new “China” arise from a rivaling country, which can continue to pressure US manufacturers? Why?
#5 Why does Columbia refuse to bring production to the US, as Trump would like?
#6 Columbia has been designing products to specifically get around the tariffs set by President Trump which creates trade loopholes for their company. Do you think that it is ethical for them to do this? Why or why not?
#7 If President Trump keeps raising tariffs and wants goods to be made domestically, how will other countries respond to this with all of their excess goods?
#8 Why would President Trump continue to advocate and push for this tariff even if an overwhelming amount if businesses are hurt by it, finding ways around it, or getting excused from its implications? Do the pros outweigh the cons?
[For FASH455: 1) Please mention the question number in your comments; 2) Please address at least TWO questions in your comments]