Main points in a discussion topic on: To save American textile jobs, Congress should put a quota on the number of foreign clothes that are imported into our country. (Macroeconomics)

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1. In what sense are cities mediums of globalization? 2. Why is economic power the most crucial determinant of global city? 3. Why is there a lot of inequality in global cities?

International Macroeconomics-End of Chapter Problem During his presidency, Donald Trump attempted to alleviate the U.S. trade deficit by passing a series of tariffs on Chinese exports. Prior to President Trump taking office, the U.S. had an average tariff rate of 3.1% on Chinese exports, but by February of 2020, the average tariff rate had increased to 19.3%. During the same time period, the U.S. dollar went from 6.27 Chinese yuan per U.S. dollar to 7.10 Chinese yuan per U.S. dollar. Based on an analysis of the foreign exchange market, implementation of the tariffs would cause the dollar to O appreciate against the yuan, consistent with the data. appreciate against the yuan, contrary to the data. depreciate against the yuan, contrary to the data. depreciate against the yuan, consistent with the data.