Question

Share your thoughts on one major event/policy change in the USA that impacted the business world....

Share your thoughts on one major event/policy change in the USA that impacted the business world. How were businesses affected?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

One of the recent policy which impact the trade relation of US is the withdrawal of the United States from the Trans-Pacific Partnership (TPP). The policy change impacted the  renegotiation of the trade agreements with the neighbouring countries like  Mexico and Canada (NAFTA) and ( South Korea (KORUS)).According to the U.S. International Trade Commission recent report , the TPP will have certain positive effects on the entire U.S. economy as with this   unskilled labor reaping approx 25% of the gains, and the skilled workers 41% and business owners nearly 34%. This will help in more in house production and provide scope of utilizing the resources more. At the same time the lack of proper trade relationship has negative impact in the area of % of exporting and increase in duties and other surcharge.

Add a comment
Know the answer?
Add Answer to:
Share your thoughts on one major event/policy change in the USA that impacted the business world....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT