Problem
In the three decades after World War II, Europe rebuilt from the war by borrowing from the United States and also by running a trade deficit with us. What would have happened to the rebuilding effort if European politicians had sought to reduce their trade deficit with the United States by imposing high import tariffs on American goods? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.