EPS 200 Chapter 6 by

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Products will cost more

Nothing ?

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iPhone could be 3000 dollars soon

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Higher costs

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Many materials and parts are now harder to attain and cost more. Positive is that the US is also imposing tariffs on many things meaning the country is gaining more money.

Inflation increase

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agriculture lower exports if other countries put tariffs as retalitation

Trade retaliation from other countries

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More domestic jobs as more emphasis on domestic products due to them being cheaper

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Reduces the trade deficit

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Jobs staying within the United States

Better trade terms with other countries

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Nationally security

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stock market fell

Protects us industries

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Overall encourages domestic product

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Can help boost domestic production

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Industries relaying on international supply chains will face disruption and potential layoffs

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fostering job growth within domestic industries from foreign competition

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layoffs and unemployment

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others that rely on imported materials can expect job losses