The conditions which imposing an import tariff can improve aggregate welfare in the U.S. in context of a U.S. versus China trade war.

ESSAY QUESTION:
“In the context of a U.S. versus China trade war, carefully explain the conditions in which imposing an import tariff can improve aggregate welfare in the U.S. What would happen if each one of these conditions is not met? Who in the U.S. would gain from the imposition of such a tariff and who would lose?”

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