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    International Economics Study Set 10
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    Exam 8: Import Tariffs and Quotas Under Imperfect Competition
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    The Recently Imposed 35% Tariff on Imported Chinese Tires Initiated
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The Recently Imposed 35% Tariff on Imported Chinese Tires Initiated

Question 23

Question 23

Essay

The recently imposed 35% tariff on imported Chinese tires initiated a
small trade war between the United States and China.Describe what
happened following the imposition of these tariffs.

Correct Answer:

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Shortly after the tariffs were imposed, ...

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