Listen & Read the following podcast and article and answer the question

Listen to the following podcast and briefly answer the questions.

https://www.piie.com/experts/peterson-perspectives/trade-talks-episode-77-happy- tariffversary

Happy Tariffversary

-When did President Trump first imposed tariffs on steel and aluminum imports?

-Did the tariffs help the U.S. steel and aluminum industry?

-Who are paying for the tariffs?

-From the finding of the first paper, who was actually paying for the tariffs?

-Are steel and aluminum tariffs different than tariffs on other goods?

-What happened to the variety of goods imported in the United States since the tariff imposition?

-Is there a higher markup charged by the U.S. companies? What enables them to do so?

-From the finding of the second paper, was the tariffs imposed strategically?

-Which parts of the America are most protected by the tariffs?

-Which parts of the America are most hurt by the foreign retaliation tariffs?

-How much was the overall impact of the tariffs? Is this small or large? If large, why so?

Janet Yellen Article

-According to Yellen, was the tariffs put in place on China thoughtfully designed?

-According to Yellen, who bears the cost of a tariff? Was some American consumers hurt by a recent trade war with China?

-How did the trade with China affect American automakers like Ford Motor Co.?

Businesses Push Biden to Develop China Trade Policy

-7 months into the Biden administration, is the Trump era policy against China still in effect?

-Why are businesses are growing increasingly frustrated by the White House’s approach to China?

-Why is the Biden administration reluctant to roll back on tariffs? Is there a political reason involved here?