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Unformatted text preview: 1. Show graphically the effect of the Canadian tariff on NY wines. Explain and be sure to note on the graph the numerical value of the taxes cited in the article. 2. Who wins and who loses in Canada as a result of this policy? Who wins and who loses in NY? 3. What exchange rate movement would help to mitigate the problem the article talks about? How much change would be required to completely offset the taxes? Show graphically and explain. Schumer pressing Canada on wine duties By MARC HELLER TIMES WASHINGTON CORRESPONDENT THURSDAY, JANUARY 28, 2010 ARTICLE OPTIONS A A A WASHINGTON — New York's fast-growing wine industry is having a hard time building business from the north, thanks to high taxes and duties charged on wine brought into Ontario. But Sen. Charles E. Schumer, D-N.Y, is trying to change that. Mr. Schumer said Wednesday that he has asked U.S. Trade Representative Ron Kirk to push the issue with his Canadian counterparts, in an effort to ease the fees charged on any more than two...
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- Spring '05
- Macroeconomics, Mr. Schumer, Sen. Charles E. Schumer