Discussion Question

DQ #1:

Assuming the economy is operating below its potential output because of the Covid-19 global pandemic, explain why is it difficult, if not impossible, for a country to boost its net exports as a result of the increased tariffs during what many economists project may produce a global recession or depression and a diminished manufacturing capacity. Use the articles posted in the session Module timeline to draft a response to the Discussion Question, "What role can a law, such as the Defense Production Act of 1950, play in mitigating the disruption import tariffs have caused relative to the increased demand and medical supply chains for drugs and medical supplies"?