Hello everyone! I was wondering if anyone could help with the followingpoints: 1

Question

Hello everyone! I was wondering if anyone could help with the followingpoints: 1. What are the economic impacts of tariffs on theimposing country and on the target country? 3. Can you give me 3 arguments in favor or againsttariffs?? 4. How the imposition of anti-dumping duties relate tounemployment, inflation, economic growth, GDP, etc?? Thank you so much!! Hello everyone! I was wondering if anyone could help with the followingpoints: 1. What are the economic impacts of tariffs on theimposing country and on the target country? 3. Can you give me 3 arguments in favor or againsttariffs?? 4. How the imposition of anti-dumping duties relate tounemployment, inflation, economic growth, GDP, etc?? Thank you so much!!

Explanation / Answer

1) imposing country decrease in import.     target country, decrease in export. 2) against - 1) increase price of goods sold in imposingcountry.                      2) increase unemployment of target country.                      3) Slower economic growth for both country. (target country produceless, imposing country by less) 3)Everything i list before would answer most of this question.     unemployment - it's tricky to answer, but ingeneral it will save jobs for target country in short run,eventually the market will offset itself and there will stillunemployment.     inflation - tariffs artifically control themarket, making producing goods more expensive.     economic growth, GDP - it will decrease sincegoods are higher, consumption will be lower.

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