Steel Tariffs Or Soda Taxes Analysis

Steel Tariffs Or Soda Taxes Analysis
2. Analysis of current economic problem
2. Two proposed topics (choose 1) or propose another similar tax/tariff issue
1. Trump’s proposed tariffs on imported Chinese goods (e.g., steel)
2. Seattle City Council’s adopted tax on soda (within the city limits)
1. Suggested Outline
2. Problem Statement – what is the “economic problem/issue” that the agent (Trump or the Seattle City Council) is attempting to address/correct?
2. Economic Analysis
Steel Tariffs Or Soda Taxes Analysis
2. Use a standard demand and supply model to illustrate:
0. What is the “problem” that the agent (Trump of City Council) thinks that the current market creates ..and how would a government intervention in this market “solve” the problem?
0. Would the proposed solution increase or decrease economic efficiency
0. Would it correct the problem that Trump/Seattle City Council is attempting to address?
2. Critically review the agent’s proposed solution/intervention – from an economist’s perspective
2. Conclusion(s)
Links to some current articles about these issues (feel free to look for others)
Trump’ Tariffs
Steel Tariffs Or Soda Taxes Analysis
1. https://en.wikipedia.org/wiki/Trump_tariffs
2. https://www.forbes.com/sites/jamesconca/2018/06/02/the-effects-of-trumps-steel-tariffs-on-red-state-energy/