How To Improve North Carolina's Economy

North Carolina’s economy is hurting and jobs are being lost due to imports becoming more expensive. North Carolina wants to impose a tariff to ultimately help its economy and I believe they have the right to due to the North American Free Trade Agreement.
According to our book, Pearson Business Law, this is actually the “safety valve” that was put into place for suffering economies. It is allowed to impose tariffs if the other country’s imports are hurting the state’s economy. If that doesn’t help anything, the state that is suffering can cut the imports out for a while until the economy improves and make deals with other members which allows the members to discriminate against nonmembers.
North Carolina has every right to impose the tax according to the agreement. I do not …show more content…
It’s mostly because we have the right to impose ridiculous tariffs, if we wanted, and the other country’s economy may suffer because ours is suffering. I bring this up because it doesn’t sound like there is much of a negotiation with the other countries which could lead to severed ties to our economy if the other state or country that is affected gets angry with the increase in tariffs. While it is perfectly legal for North Carolina to impose a tariff to improve the economy, I feel like there should be some modification to the agreement to make it more