If Japan levies tariffs on U.S.goods entering Japan,this will tend in the short run to _____ U.S.producers and _____ Japanese producers.

Question

Quizplus · Accepted Answer

The levying of tariffs on U.S. goods entering Japan will make them relatively more expensive compared to the Japanese goods, leading to a decrease in the demand for U.S. goods in Japan. This will cause damage to U.S. producers. On the other hand, Japanese producers will face less competition from U.S. goods and may experience increased demand for their products, leading to benefits for Japanese producers.

If Japan Levies Tariffs on U