Sign In
Not register? Register Now!
Essay Available:
3 pages/≈825 words
1 Source
Mathematics & Economics
English (U.S.)
MS Word
Total cost:
$ 12.96

Tariffs: Bring Impact To The US Economy And To The World (Essay Sample)


Analyse the action of donald trump of putting tariffs on imported solar panels and washing machine. Talk about how would that protect the US industries or bring impact to the US economy and to the world. The word limit is 750 words.
Source: https://www(dot)bloomberg(dot)com/news/articles/2018-02-02/trump-s-trade-tariffs-you-ain-t-seen-nothing-yet


Trump’s Trade Tariffs
Student’s Name
Institutional Affiliation

Trump’s Trade Tariffs
Tariffs are imposed for a variety of reasons, but the primary goal is to protect the domestic industry from unfair foreign competition. The essay will address the implications of tariffs on the domestic washing machines as sanctioned by president Trump.
President Trump imposed tariffs on large domestic washing machines and imported solar panel components to defend American companies and workforces. According to the administration, imposing tariffs is among Trump’s pledge to protect American business by putting their jobs first. By doing this, U.S will be raising the cost of cheap imports. The administration is imposing a 30 percent tariff on imported solar modules at a declining rate of four years, and the residential washing machines are going up to 50 percent at a phase of three years. The solar panel industry in the U.S tends to split into two, with the small subsidiary of manufacturer voting in favor of the tariffs.
Trump administration is focusing on balancing trade measures on the imposition of tariffs, as a way of protecting the U.S business as well as not igniting trade wars among the traders. In his speech, Trump is looking forward to having fair trading relationships with the neighboring countries such as China. China is likely to fight back against the imposition of this tariff, which restrict its export. China is considered one of the countries that have been coercing foreign companies and tolerating intellectual property theft into transferring vital technology to Chinese joint-venture partners. The administration is focusing on the prospect of invoking national security as a reason of imposing tariffs on foreign –made aluminum and steel. This is to ensure that the military and U.S industry does not overly depend on the imported sources for the steel and aluminum industry. The European Union and U.S have been sued at the World Trade Organization by China, claiming to have been treated as a market economy since they accessed World Trade Organization in December 2016. William Reinsch, a senior adviser at the Center for Strategic and International Studies in Washington says, the pending cases could churn the international trading system more compared to US tariffs imposed on January 22.
The administration believes that by imposing tariffs, they will manage to reduce harm subjected to the U.S manufacturers. By doing this, panel installers will get more suppliers from Chinese companies because

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

You Might Also Like Other Topics Related to donald trump:

  • The Triple Aim: Care, Health, and Cost Writing Assignment
    Description: It is a fact that an integrated system plays a crucial role, it promotes partnership among individual and families, facilitates, better population health management and financial management...
    4 pages/≈1100 words | 3 Sources | APA | Creative Writing | Essay |
  • History Writing Assignment: Fidel Castro Biography
    Description: Fidel Castro was the Cuban prime minister and a lawyer by training. Castro was the chief secretary of the socialist movement in Cuba, who commanded Cuban Rebellion in converting the island into a socialist government....
    3 pages/≈825 words | 2 Sources | Chicago | History | Essay |
  • Current Events: Deferred Action For Childhood Arrivals
    Description: DACA, which refers to Deferred Action for Childhood Arrivals is a program that protects illegal migrants who got into the country as minors from direct deportations....
    1 page/≈275 words | 1 Source | MLA | Literature & Language | Essay |
Need a Plagiarism Free Essay?
Submit your instructions!