Question

2.

i. What is the recent major tariff measure proposed by the government?

ii. What are the reasons for this measure?

iii. What are the advantages and disadvantages of this measure?

Answer 1

Accoding to Donald Trump in the recent times

1) There would be a sweeping tariffs on the imports of steel and aluminium.

2) According to Trump, the reason was that many other countries were highly gaining from it and he wanted to restore the importance of America in the steel and Aluminium market on thewhole.

3) Disadvantages include the fact that stocks immediately fell down by a major share resulting in the short run affect on numerous companies on the whole. However, he eyes a major long term growth advantage in this where Trump promised that there would be a major profitable returns with the decision to AMerica in the long run on the whole.