Use the following information to work Problems.
U.S. expands China paper anti-dumping tariff
The United States raised the tariff on glossy paper imports from China to 99.65 percent, as a result of complaints by NewPage Corp. of Dayton, Ohio. Imports from China increased 166 percent from 2005 to 2006. This glossy paper is used in art books, high-end magazines, and textbooks.
Source: Reuters, May 30, 2007
Explain who, in the United States, gains and who loses from this tariff on paper. How do you expect the prices of magazines and textbooks to change?
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