Tarrifs

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China's Economic Growth

Szerző: Edward Zhou

American Industrial Revolution

Szerző: Katie O'Halloran

U.S. Trade Deficit

Szerző: Jeremy Davis

Great economist concept map

Szerző: anthony joaquim

Tarrifs

Economic growth goes down

Factories and business will reduce productions leading to job loss

People will start to save more money

People on companies may stop investing money

Cost increases for businesses

They might increase the prices of their products

Businesses may shut down

People start losing jobs

Country fights back

There will be low suppliy on specific products

Less Trades occurs

Price rises for customers

People will start buying cheaper products

Risk of homlessnes increases