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Tuesday, 23 January 2018

International Trade - Trump imposes tarifs

Click here to access a recent BBC article on the rise of protectionism in the USA. The US has approved controversial tariffs on imported washing machines and solar panels.
The move is in line with President Donald Trump's "America First" trade policy, which aims to protect local manufacturers from foreign competition.
Useful when discussing the relative merits of free trade Vs protectionism.
Who are the winners and losers in both the short and the long term?
What will be the impact on world trade and world GDP?

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