Question

In the early 1980s, Harley Davidson requested that the United States International Trade Commission investigate a claim that Japanese motorcycle manufacturers' high volume of imports were harming Harley's sales. As a result, President Reagan imposed a tariff on the import of foreign motorcycles for five years.

Answer 1

In the early 1980s, Harley Davidson requested an investigation into Japanese motorcycle imports, leading to the imposition of tariffs by President Reagan. Tariffs are taxes on imports that aim to protect domestic industries.

Step-by-step explanation:

In the early 1980s, Harley Davidson requested the United States International Trade Commission (USITC) to investigate a claim that Japanese motorcycle manufacturers' high volume of imports were harming Harley's sales. As a result, President Reagan imposed a tariff on the import of foreign motorcycles for five years.

Tariffs are taxes that governments impose on imported goods and services to make them more expensive for consumers, discouraging imports. This example demonstrates how trade policies, such as imposing tariffs, can be used to protect domestic industries and address concerns about unfair competition.