Question about Tariffs
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 with 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.
How would you vote in this case? Explain in-depth.