Two Discusisons

Discussion 1

International Trade Post

After reading the prescribed sections of Chapters 6, 7, and 8 in the textbook and the material in the Lesson Module on International Trade and FDI, answer the questions below in an original post of your own and respond to at least two posts from other students. 

Please answer both questions. For instructions and grading criteria, see the page above, and stick to the word count mentioned there.
Questions:
President Trump has raised tariffs on steel and aluminum imported into the United States.  Answer both of the following:
1) What exporting countries are affected and how large are the tariffs?
2) What are the consequences for US industries and consumers?  Note any differences among them in how they are affected.

Discussion 2

Currency Markets and International Monetary Systems.

After reading the prescribed sections of Chapters 10 and 11 and the material in the Learning Module on Currency Markets and International Monetary Systems, answer the questions below and respond to answers given by at least two other students. 

Question 1

All do question 1. The table shown at the link here is taken straight from the Wall Street Journal’s web site.  Take Thursday’s rates to answer 1a and 1b.  Use only the figures from this table and not other figures you find online.  You may round off your answer to 2 decimal places, but as you calculate do not round off rates to fewer than four decimal places. ForEx Sep 6 2018.pdf
Show how you arrive at your answer. E.g. to answer the question, “How much is $16 is worth in South African rand?”, if $1 = 15.3332 rand, write out $16 x 15.3332 = 245.3312 rand, or note that 1 rand = US$ 0.0652 and write out $16/0.0652 = 245.3988.
a. What are £25,000 (GBP) worth in US dollars?
b. What are ¥10,000 Japanese yen worth in terms of euros?  (Use only figures in the table provided to reach your answer.)
c. In the table, has the Canadian dollar gained or lost value from Wednesday to Thursday, and how can you tell?
d. Suppose the US dollar gains 10% in value against other currencies?  Will this help or hinder US exports, and why?  (Answer in one sentence.)

Question 2.  The IMF recognizes the US dollar, the euro, the Japanese yen, the British pound and the Chinese yuan as “reserve currencies” that are accepted by governments and institutions in settling international payments.  Mention and explain at least two advantages and one disadvantage, related to international trade or the US economy, that the US has because the dollar is a reserve currency.