Assignment:
Answer the following questions based on the attached article (Amiti, Mary, Stephen J. Redding, and David E. Weinstein. 2019. "The Impact of the 2018 Tariffs on Prices and Welfare." Journal of Economic Perspectives, 33 (4): 187-210.) Read only pages 187-189, and the conclusion section (pages 207-208). Give your answers in the space provided below each question.
1. List protection measures that the U.S government implemented since the 1970s.
2. What are the impacts of the 2018 tariff imposed by the Trump administration?
Readings:
The Impact of the 2018 Tariffs on Prices and Welfare
By Mary Amiti and Stephen J. Redding and David E. Weinstein