Credible economists have argued that such changes could disrupt established supply chains, resulting in higher prices for consumers. Furthermore, these economists argue that higher costs of imported goods would lead to more expensive products being produced domestically, ultimately raising inflation rates across the board. In addition, some economists have warned of retaliatory measures taken by other countries in response to US-imposed tariffs which could further hamper economic growth. The recent changes to trade and tariff policies have already had an effect on my employer – a large MNC based in the United States but doing business internationally. Due to rising costs associated with importing raw materials from abroad, our company has been forced to raise prices on many of its products while also reducing overhead expenses like staff salaries or benefits packages. This has led lower morale amongst employees who feel their jobs may at risk given financial pressures faced management team currently.

 

Sample Solution

Rationale must be provided In the last two years, the United States has implemented several major changes to its trade and tariff policies, including increased tariffs on steel and aluminum imports as well as new restrictions on certain Chinese goods entering the US. These changes have had a significant impact on both domestic and international markets due to their potential consequences for global trade activities by multinational corporations (MNCs).