Economics: Impact of Protectionism Policies, Emerging Economies, and Fiscal and Monetary Policies

Running head: ECONOMICS
ECONOMICS
Name of the student
Name of the university
Author note

1ECONOMICS
Table of Contents
Answer b....................................................................................................................................2
Answer c.....................................................................................................................................3
Answer d....................................................................................................................................4
Reference list..............................................................................................................................7

2ECONOMICS
Answer b
The president of the United States known to have imposed huge tariffs on aluminum
and steel from the European Union. Donald Trump has known to put huge amount of tariffs
on billions of dollars of goods from the European union, china, Mexico and Canada. He had
put tariff on the products that are made abroad where they had placed tariffs on the billions of
worth of goods particularly in china. The global trade war will be hurting the consumers
around the world by making it quite hard for the companies for operating and this will force
them to push higher prices on their consumers. The protectionist policies will be forcing the
Europeans to face the unsettling problems of the huge current account surplus. This has
resulted in the rise of trade tensions between the United States and China (Lee 2018). The
Central Bank of Europe will also put high tariffs on the goods of the United States. The
import of the heavy economy from the United Kingdom will be more resilient to the impact
of tariffs than the countries such as China and Germany who known to have exported more
goods than they imports. There will be negative impact on the stock markets. When trump
will be imposing tariffs on the steel, tariff will not only affect the steel sector of the United
Kingdom but also the economy of the United States. The tariffs will make steel and
aluminum from the United Kingdom much more expensive in the United States which will be
declining the demand and that will be also affecting the thousands of jobs. Trump also
imposed tariffs on national security grounds which will threaten the American steel and
aluminum producers. The tariff can make every day items to be more expensive in nature that
will be making it more expensive for the people of United Kingdom with the rise in the
import prices. Trump have known to place huge amount of tariffs on the Chinese products for
punish the country for years of practicing unfair trading practices which also includes stealing
of the American intellectual property for the benefit of the economy (Lee 2018). The US-