December 3, 2019
US threatens 100% tariffs on French cheese and champagne.
Questions
- What is the value of the French products that could be subject to the new 100 percent tariff?
- How will a tariff by the United States on French cheese influence the price and the quantity purchased in the United States?
- Who in the United States wins from the tariff on French cheese? Who in the United States loses from the tariff on French cheese?
- Is the tariff on French cheese in the social interest?
- Draw a diagram to illustrate your answers to #3 and #4.