DO NOT COPY FROM INTERNET PLEASE PLAGIRISM IS PROHIBETED Give the answer of all

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DO NOT COPY FROM INTERNET PLEASE PLAGIRISM IS PROHIBETED

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The US President Donald Trump and his advisors have repeatedly said that they intended to get rid of the US trade deficit.

Question 01: What are the main industries responsible for this trade deficit? Support your answer with numbers (Words 200)

Question 02: What are the main countries responsible for this trade deficit? Support your answer with numbers (Words 200)

Question 03: As of April 8th 2018, list the goods and the countries for which the US has decided to create new tariffs. For these goods, what are the amounts currently imported by the US? (Words 250)

Question 04: List the US goods for which China has decided to create new tariffs. For these goods, what are the amounts currently imported by China? (Words 200)

Question 05: Assume that the new tariffs will decrease both US exports to China and Chinese exports to the US by 30% (only for the targeted goods). Building on your answer on questions 1 to 4, what would be the impact of the new tariffs on the US-China trade deficit? Support your answer with numbers (Words 200)

Explanation / Answer

Answer to question no 1-

Higher the import and low export is main reason behind having trade deficit.We will see major industries that requires higher import amount accordingly.

As of now the US trade deficit is 43.5 billion.

SR No Industry/Product Name Import value (2017) ($$) 1 Mineral oil 123027940 2 Consumer electricals 74369042 3 Mechanical appliances, machinary 36001877 4 Chemicals 17971083 5 Plastic and articals 13021792

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