Below are two current events:
#1-Recently President Trump announced newtariffs on imports of steel and aluminum. The tariffs are a 25percent on imported steel and a 10 percent on importedaluminum.
#2 - From The Associated Press, April 2,2018:
Some goods on which the Chinese government raised tariffsMonday.
25 PERCENT TARIFFS
Most goods targeted for 25 percent tariffs are varieties ofpork, for which China is the No. 3 American export market.
— PORK
Fresh and chilled bone-in pork forelegs and hind legs, chilledwhole and half hog heads, pork liver, chopped pork, other fresh andchilled pork
— ALUMINUM
Scrap aluminum
15 PERCENT TARIFFS
Chinese regulators also imposed 15 percent duties on apples,almonds and dozens of types of fruit
— FRUIT
Apples, fresh or dried; coconut, fresh and dried; bananas, freshor dried; pineapple; pomegranates; mangos; grapefruit; grapes;watermelon; cherries; strawberries; dried apricots
— NUTS
Brazil nuts, cashews, almond kernels, walnuts, macadamia nuts,pine nuts
— WINE
Sparkling wine
— HERBS
Ginseng
— PIPES
Stainless steel and alloy pipe used for petroleum or naturalgas, multiple diameters
Questions:
a. In which of the six components of the general environmentwould you categorize these events?
b. In your own words, discuss why a fertilizer company should beconcerned.
c. Why should a clothing retailer want to be pay close attentionto the international news and on going events related to theseactions?
