Read the U.S. Tariffs on Tire Imports from China case on page 219.
By the end of day 7, provide a written analysis of the case, giving a brief synopsis and answering the following questions:
Which groups benefited from the imposition of U.S. tariffs on Chinese tire imports? Which groups suffered? What does this tell you about tariffs in general?
How do you think the United States would have reacted if the Chinese had raised tariff rates on the importation of certain goods from the United States?
What does the rise of tire imports from Thailand, Indonesia, and Mexico during 2010 and 2011 tell you about the value of this kind of trade policy?
Do you think that the policy was in the best interests of the United States? Justify your answer.
Post your analysis as a 3-5 page (doubled-spaced) Word document. Use 12 pt Times New Roman font, proper grammar, and APA writing style. Your paper will be graded using the following rubric:
Identified groups that benefitted and suffered from U.S. tariffs on Chinese tire imports, and explained what this means about tariffs in general.
Explained possible U.S. reactions to increased Chinese tariffs on U.S. goods.
Prepared relevant and informative advice related to the Chinese imports.
Explained the tariff trade policy as it relates to increased tire imports from other countries.
Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources, displayed accurate spelling, grammar, and punctuation.
100© BrainMass Inc. brainmass.com June 4, 2020, 5:27 am ad1c9bdddf
Which groups that benefited from the imposition of U.S. tariffs on Chinese tire imports? Which groups suffered? What does this tell you about tariffs in general?
The groups that seemingly benefitted the most from the imposition of tariffs were Korean and Thailand dealers who were able to significantly raise their level of tire imports while the groups that appeared to suffer the most were the Chinese as well as the U.S. tire industry in regard to negligible increases in the tire industry as a result of the imports. The research that was used for this summary found no quantifiable benefits for the U.S. tire industry, but instead witnessed a steady influx of imports from countries such as Korea and Thailand. In reference to ...
Tire imports from China are analyzed. Which groups benefited from the imposition of United States tariffs on CHinese tire imports are determined.