Question

Can someone please help me write an introduction paragraph and summary of this article.

The New Bjork Times ECONOMIC VIEW Trump's Tariffs Haven't Really Transformed Trade. Yet. By Justin Wolfers Nov. 21, 2018 President Trump's protectionist impulses have upended the global debate about international trade. But so far, his policies have barely changed a fundamental reality: The United States is still less protectionist than it has been throughout most of its history or than most nations are today Even if the tariffs currently in place inflict only limited damage on the economy,however, the consequences will be much more severe if Mr. Trump follows through on his threats to take much more aggressive action. Here's the big picture. The average tariffl rate in the United States was 1.4 percent, according to the latest data compiled by the United States International Trade Commission. That was nearly as low as it has ever been. But that figure only includes tariffs imposed in the administration's first year. A lot has happened since then. In March, the White House added a 25 percent tariff to about $31 billion worth of imported steel, and a 10 percent tariff to $17 billion of imported aluminum. (This does not apply to imports from Argentina, Australia and Brazil.) In July and August, Mr. Trump kicked off a trade war with China by imposing an extra 25 percent tariff on $50 billion worth of imports from the country. China retaliated, so Mr. Trump punched back, imposing an additional 10 percent tariff on $200 billion in Chinese goods I asked Chad Bown, a trade policy expert at the Peterson Institute for International Economics, a Washington think tank where I also serve as a nonresident senior fellow, for a back-of-the- envelope calculation of how consequential these changes would be. He found that Mr. Trump's actions would increase America's annual tariff revenue by about $42 billion. That sounds like a big number and it has garnered major headlines. But if you consider the scale of international trade, the figure starts to seem more modest: Last year, Americans spent roughly $2.3 trillion on imports.

Answer 1

introduction-tariff as a trade barrier is no longer considered as a major trade barrier because most of the nations are following globalisation and liberalisation policies where they are keeping the tariff rate very low or near to zero. in situation like this the president of AMERICA mr. trump declairing a trde war against china by imposing heavy tariff on imports from china  is the talk of the town. two nations are putting tariff on each others import and no one is ready to backout. in a situation like this the revenue from tariff is definitly increasing but the broader picture shows something totally different here. the article talks about the trade war between these two nations and its consequences.

summary- in a globalisation and liberalisation era of trade united states and china have declired trade war against each other by increasing tariff rates. though the tariff rate of united states is not the highest in the history of america but the increase of tariff rate for perticularly china is definitly shows the bad relationship between the two nations. china also is retaliating with incease tariff on the import from america and the war is definitly not benefiting both the countries. due to tariff increase people are not only cutting down on there import but also sacrificing the things that they actually value a lot. the total welfare of both the nation is declining. now that the united states has declired to remove itself from the WTO agreement no one can now tell how far this war is going to go. a small increase in tariff is bearable for people but a huge increase like 25-30% will harm the peopls choice really badly and will make a big hole in there pocket. the trade war between two countries definitly going to harm the harmony of people in both the countries if not stopped here.