Problem
1. How can Samsung and LG profit by selling their products for less than production cost?
2. What remedies do you think the International Trade Commission (ITC) will recommend?
3. Imagine you are selling a product, which currently has no tariff, to Canada or Mexico. How could you sell to Canada or Mexico for much less than the sales price in the United States and still make a profit?
4. Discuss how some U.S. companies may suffer unforeseen negative consequences if a tariff on washing machines is imposed. What companies may be hurt, and how?
5. Are you aware of any U.S. products that are known to be sold for less in foreign countries than the United States? If so, mention them in your posting.