Article opinion
What economic issue did the article focus on?
The article focuses on the benefits of tariff, specifically the one that Trump is proposing today.
What is a tariff?
A tariff is a tax imposed by one country on the goods and services imported from another country. They encourage domestic industries
What is the current state of the economy?
The economy is facing challenges such as inflation and job market issues, (which is not effectively addressed by tariff).
What was the author's main argument?
The article is arguing the tariff can boost the America economy by protecting the domestic industries and discouraging the imports
Who do tariffs effect?
Tariffs affect consumers and producers. The US government would earn revenue from increased taxes.
What would be an effective call to action?
Urge policymakers to eliminate tariffs and allow the economy to stabilize and grow naturally
Is the author’s belief correct?
No, these proposed tariffs can typically end up harming the exporting country but also consumers and businesses from the importing nation as well
What are the negative impacts of tariffs?
A lack of market competition will increase prices for consumers, making their income seem less significant. Increased tariffs will not create more jobs
What are the impacts of this recommendation?
Eliminating tariffs will lead to a more efficient economy, increased consumer satisfaction, and a continued growth in government revenue without the drawbacks of artificial trade barriers