Problem: Can you help me get started with this assignment?
Thirty furniture makers in the United States recently asked the U.S. International Trade Commission (ITC) to impose high tariffs on Chinese makers of wooden products in the U.S. market extremely low prices. The U.S. manufacturers claimed that the Chinese imports single-handedly sent their industry into a deep tailspin. The Chinese factory owners contend their low-cost furniture is the result of taking a labor-intensive product and building it with low-priced workers in high-tech modern factories (Adapted from Scarborough & Zimmerer, 2006, p. 399).
Your group's 7-10 slides with in-depth speaker notes (note: the 7-10 slides/speaker notes excludes the title page and reference list) presentation should discuss the following:
Q1. Identify the stakeholders in this trade dispute?
Q2. Define and explain exporting and importing of goods?
Q3. What are the consequences for each stakeholder likely to be if the ITC were to impose tariffs on Chinese furniture?
Q4. What impact do tariffs have on international trade?
Q5. If you served on the International Trade Commission, what factors would you consider in making your decision? Why?
Q6. How would you vote in this case? Explain in-depth.
Your report MUST include a reference list.