In 2009 the united states imposed a tariff of 35 on radial, Ask an Expert

Economics

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

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867711

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