Question

from welfare perspective to discussion U.S. Tariff on 2018. and what do you recommend? ?at least 120 words?

Answer 1

In January 2018 , trump imposed tariffs on solar panels and washing machines , similarly in March 2018 he imposed on steel and aluminum which has come in to effective in the next 15 days

The Tariffs as of march 2018 covered almost 4.1 percent of US imports which none of the economists believed that tariffs would bring any sort of positives to the US economy

These steps would not only sow the seeds of uncertainty in the global economy at a critical juncture, but more importantly, they would trigger the unsavory prospect of a trade war, reminiscent of the 1930s

What I Recommend:

As trump argues , they are for the sake of national security , but tariffs would hurt manufacturers badly

Domestic producers of steel would make more money, while domestic consumers of steel would make less money

The tariffs of course will affect prices on everyday items since both metals are crucial raw materials for autos, airplanes and appliances

This movie will have negative impact and may slow down the growth which may have adverse impact

As considering history , tariffs generally wont help for economic growth