A Current Tariff by the United States

Identify a current tariff by the United States (other than for steel or aerospace) imposed by the United States.

Learn how to read a tariff schedule. Interpreting a tariff schedule is not difficult once you know what you’re looking at. Research your chosen tariff. Seek the answers to the following:

  • Which products are impacted?
  • Which countries are impacted by the trade restriction?
  • When was the tariff imposed?
  • Why was the tariff enacted?

Illustrate how your chosen industry has been impacted in the country which imposed the tariff and in the country which is subject to that trade restriction. Hypothesize if either of the countries that you discuss has an absolute or comparative advantage for the products that are impacted by the tariff.