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Waller Alexander

Fuel bills: Trouble turning up the heat | The Economist - 0 views

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    This article is about how consumers are paying more for fuel than they have before. The "Big Six" says that it is because of the "opacity" in the price system. This is due to tariffs. There is a "lack of competition" because consumers are unable to verify which prices are the lowest due to the tariffs. Consumers may be purchasing energy from the least efficient company and not know it due to the artificial prices due to tariffs. There are also two other problems. In a supply and demand graph with a tariff in place, one expects that when a tariff is set, the demand will decrease; this is not totally true for energy. Energy is a very price inelastic good and therefore the quantity demanded will not change by much when the price is artificially risen. The other problem with this scenario is that there are only six major energy producers, the "Big Six". This market is a very oligopolist market. There might be a decline in competition simply due to the "Big Six" working as a group to form an imperfect market. 
Tomoya Sekine

U.S. says China's tariffs on chicken threaten 300,000 jobs - 2 views

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    This article is about China imposing a heavy trade restriction (tariffs - $1 billion) on the import of chicken from the United States. The imposition of tariffs would lead to a loss in 300 000 jobs in the poultry industry in the United States.
Haleigh Eppler

Russia coal exporters oppose rail tariff hike | Energy & Oil | Reuters - 0 views

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    This article discusses the potential increase in tariffs on coal in Russia as well as the consequences from such an increase.
Merve Akpinar

US roquefort tariff angers French - 3 views

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    a brief outline of the article content is required.
Merve Akpinar

Profile: World Trade Organization - 0 views

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    The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalisation.
Talia Greene

US South Korea trade deal clears first hurdle - 2 views

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    This article is about a free trade agreement that US and South Korea made. They have finally reached an agreement four years after they had initially agreed on trading. This shows that there are various barriers in free trade. One of the reasons for why the US wanted to trade now was to make more job opportunities in the US.
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    US and Korea agreement of free trade has finally been agreed after the issue. There will be an increase in jobs opportunities and boost US exports.
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    Concerns centered around tariffs on car makers in the debate on the free trade deal between the US and South Korea.
Tomoya Sekine

China Denounces Demand for High Tariffs on Solar Panels - 2 views

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    The main idea of this article is exactly what the title states. China says that the high tariffs on solar panels produced in China "could undermine global economy and harm international efforts to combat global warming". Here, we can see several problems: scarcity and sustainability - the protection towards Chinese solar panels may force countries to use non-renewable sources as energy instead of renewable sources of energy such as the solar system. The article also mentions China's retaliation towards the US, as China would "purchase less American factory equipment and raw materials for making solar panels".
Mehmet Mert Suma

Politicsweb - Cape Town objects to port tariff hikes - PARTY - 0 views

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    The article is about the possible consequences of an increase in tariff in South Africa ports.
Gunnhildur Omarsdottir

China Charges Protectionism in Call for Solar Panel Tariffs - 1 views

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    This article is about that China fears that if the US turns to protectionism it will have very bad effect and undermine the global economy, it would also harm international efforts to combat global warming.
Mehmet Mert Suma

U.S. raises India's sugar import quota - 1 views

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    U.S. is having a supply shortage of sugar. The retailer prices have increased. More sugar import is planned to increase the supply and reduce the prices.
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