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Do we impose tariffs? - How foreign imports are hurting US producers- Case of Montmorency Tart Cherry market
Last modified: 2019-12-19
Abstract
This paper explores the current market conditions in the US where many producers and manufacturer are complaining of cheap imports from foreign countries hurting their businesses. The current administration has passed a number of tariff measures recently, including a trade war with China to confront the issue at hand. The question is- Are tariffs the right strategy to adopt or is there any other alternative that US economy can adapt? Specifically, this paper researches the case with tart red cherry growing industry based out of Michigan facing competition from Turkish imports. The arguments here in this paper could be used in other trade situations also where similar cheaper imports are affecting US domestic markets.
Keywords
tariffs