Free Trade Versus Protectionism

President Trump announced on March 1, 2018 that the U.S. government would impose 25% tariffs on imported steel and 10% tariffs on imported aluminum, which re-ignited the hot debate of free trade versus protectionism.

• Assess why the U.S. government should protect the U.S. steel and aluminum industries. Are they infant industries?
• Evaluate the advantages and disadvantages of free trade and protectionism.
• What would be the economic impacts of free trade and protectionism on the following aspects of U.S. economy: Prices, employment/unemployment, GDP, producers and workers, and consumers? For protectionism, you may refer to a particular case of the U.S. steel industry, aluminum industry, manufacturing industry, automobile industry, or any other industry.
• Are you in favor of free trade or protectionism? Explain your reasoning.

The Protectionism Versus Free Trade Paper

• Must be three to four double-spaced pages in length (not including title and references pages) and formatted according to the Ashford Writing Center (Links to an external site.)’s APA Style (Links to an external site.)
• Must include a separate title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted

For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.).

• Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.
• Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
• For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Ashford Writing Center resources.
• Must use at least three scholarly, peer-reviewed, and/or credible sources.
  • The Scholarly, Peer Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
• Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper (Links to an external site.)
• Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications.

You are invited to carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your week 3 assignment.