In 2009, the United States imposed a tariff of 35% on radial car tire imports from China. The tariff caused imports of these tir

Question

3 years ago

7

In 2009, the United States imposed a tariff of 35% on radial car tire imports from China. The tariff caused imports of these tir

es to drop from 13 million tires to less than 6 million tires in one quarter, and the average price of these tires to increase by $8 per tire. Who was the primary loser of this tariff?

Social Studies

1 answer:

Pavlova-9 [17] · Answer 1 · 2022-02-16T10:21:12+03:00

Pavlova-9 [17]3 years ago

3 0

Answer: CHINA

Explanation:

1) The fact that important of this tires reduced significantly in one quarter means that local production would be boosted on the long run

2) The $8 increase will still be in the American economy

3) Less money going to China.