Last week, President Trump announced the possibility of tariffs on steel and aluminum imports. This led many commentators to discuss an impending trade war. This week’s Lecture Spark discusses Trump’s announcement and includes links on the possible consequences of the implementation of tariffs.
Instructors, click the link below to download this week’s lecture for use in your classroom. The deck contains a writing prompt, a debate question, as well as other assessment questions.
What is a trade war?
U.S. Plan For Steel And Aluminum Tariffs Prompts Global Backlash
Trump threatens E.U. with tax on car imports, slams “very stupid” trade deals
Economist Ned Hill Looks At Potential Impacts Of Tariffs On Steel-Producing States
Steel tariffs – what impact will they really have?
Trump’s new tariffs could make beer, cars and baseball bats more expensive
Trump’s steel tariffs are earning him cheers from Democrats and unions–but giving the GOP shivers
Trump Steel Tariffs Could “Mean a Lot” After Decades of “Jobs Disappearing”
Top steel CEO says US “desperately” needs new infrastructure to sustain economic boom
Markets fall as Trump slaps new tariffs on steel and aluminum imports
- Writing: Why does the White House believe that tariffs on steel and aluminum imports will bolster US industry?
- Debate: Tariffs are needed to protect and grow the US steel and aluminum industries.
- Poll: Tariffs on imports may raise the price of goods but that cost is outweighed by the benefits to domestic industries.
- Short Answer: How might tariffs on steel and aluminum imports result in a trade war.
Current events quiz:
1) President Trump imposes tariffs on steel and aluminum imports because of other countries’ unfair trade practices. (T/F)
2) Markets surged after the announcement of tariffs. (T/F)
3) There are few concerns for an impending trade war. (T/F)
4) Tariffs are typically imposed to
a. To make money.
b. To protect industry from competition
c. To promote free trade
d. To prevent trade wars
e. A & B
f. C & D
5) A trade war occurs when
a. One country retaliates for another country’s imposition of tariffs on imports
b. The price of steel is too high
c. The price of aluminum is too low
d. Domestic taxes are too high