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Do you agree with President Trump's trade policies? Give specific examples of which groups (consumers and...

Do you agree with President Trump's trade policies? Give specific examples of which groups (consumers and firms) are benefiting and which are being harmed by the imposition of tariffs.

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Answer #1

Trump's trade policies have been mixed bag and has restricted Iran from exporting crude oil by imposing sanctions. Even China has seen import tariffs on steel from USA and hence has been stumped. Trump has already withdrew from 12 member trans Pacific trade and has cuted protectionism policy to protect local employment and lower immigration through Stringent visa rules. His aim is to create more domestic jobs and increase government spending and cutting corporation taxes to boost economic growth to new heights at cost of imposing tariiffs and sanctions.

However the biggest gainer of this is India which gets bugger market for export of steel as well as Zinc as well as IT software support and other base metals which USA lacks.

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