.What groups are likely to support foreign trade? Explain.What are the costs and benefits of foreign trade? Explain.

CH19 Discussion Forum11 unread reply.11 reply.Chapter 19 Discussion TopicPlease answer questions below – please be sure to number your answers so they are organized and easy to read:1. Explain the basic winners and losers from free trade, specific to import markets:What groups are likely to oppose foreign trade? Explain.What groups are likely to support foreign trade? Explain.What are the costs and benefits of foreign trade? Explain.What are the arguments for trade protection and are they valid in your opinion (justify your answer).2. What effect would a tariff on imported goods have on the different groups that you explained above? (i.e., are they hurt or helped)3. Go to the Tax Foundation Trump Tariffs page (Links to an external site.) and briefly describe two of the tariffs imposed by the current administration.4. Overall, how does the Tax Foundation predict tariffs will affect unemployment, income and economic growth?Discussion InstructionsYou will not be able to see other students’ replies until you post your response to my question. Type your initial response to my question in substantially more than eight sentences (minimum 200 words) by Saturday at 11:59 pm Pacific Time, then read through the other entries and post a thoughtful question to at least one classmate who does not have a thoughtful question by Saturday at 11:59 pm Pacific Time. Then, by Sunday night please write a one paragraph (4+ sentences) response to another student’s thoughtful question about your post. If you do not receive a thoughtful question about your post by Sunday morning, you may write a second thoughtful question to a student who does not have one to count as your third post. Please note that if you are posting late to the discussion forum, you must wait 24 hours to post a second thoughtful question in order to get another student a chance to answer your question. Please use professional grammar and punctuation in this college level course in all correspondence and avoid “text” or “twitter speak” when corresponding.https://taxfoundation.org/tariffs-trump-trade-war/?gclid=EAIaIQobChMIt-m5jM7v5QIVLCCtBh3y7A2NEAAYASAAEgJFSfD_BwE