Discussion Post: Principle of Economics- Trade and Tariffs
There is often talk in the news recently about increasing tariffs on some imports. Watch the video (Incidence of a Tariff) to prepare for this week's discussion.
Reply to these questions in your post:
a) When the United States puts tariffs on imports, who do you think ultimately pays these tariffs? Is it the foreign companies selling here, American consumers, or both? Explain your answer.
b) Is it good or bad for American consumers when the United States puts tariffs on imports?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.