30 Jun Question Description “Globalization in Your Life” Tariffs on steel and aluminum are proposed to be set a
Question Description
“Globalization in Your Life”
Tariffs on steel and aluminum are proposed to be set at 25% for steel and 10% for aluminum.
Watch the video Tariffs and Protectionism to prepare for this week’s discussion.
Reply to these questions in your post:
Who do you think will ultimately pay these tariffs? Explain your answer.
Describe a good or service you use that has been impacted by trade or globalization. What are some advantages and/or disadvantages you have experienced?
This week, the question to ponder upon is about Globalization as it is a factor that affects all of us in our daily lives. There is no question that globalization has permanently changed the landscape of how consumers behave, think, and more importantly, spend. This week’s discussion addresses two specific issues.
First, who do you think will ultimately pay these tariffs? Explain your answer.
Second, describe a good or service you use that has been impacted by trade or globalization. What are some advantages and/or disadvantages you have experienced?
The fact that countries are able to more freely trade with each other, has created an abundance of products and services that can be offered to the consumer. If one looked at the tags on the clothing in their closet, one would see many different countries of origin, including China and Indonesia. How about the location of the manufacturer of your watch? What about the place of origin of your television? Many of these available products and services would have been unimaginable before the free trade agreements were signed and international unions were formed.
Class: What is NAFTA and how does it work?
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