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Exclusive_ Indiаn cаr mаkers prоpоse tax cut оn imports in trade deal with Britain _ Reuters.pdf Actions Here's the direct Reuters (R) article link if the pdf is partly truncatedLinks to an external site. Please read the article above first. Ignore pages after Page 6, as said article ends there. Based on the article above, please answer the questions below. Whenever you make any claims, they SHOULDN'T be opinions! They should be statements based on the article, or the material you've learnt in this course. Your statements SHOULD be directly from the article, and NOTHING from the Internet or AI! If so, the assignment will be graded at 0 (zero). ANYTIME YOU READ "TAX CUTS ON IMPPRTS", PLEASE TREAT THEM AS TARIFF REDUCTIONS! We learnt about TARIFFS in Chapter 3 of our textbook. The article claims "Import taxes from 60% to 100% in the world's fourth-largest car market rank among the highest globally, drawing criticism from companies such as Tesla Inc (TSLA.O)Links to an external site., which shelved entry plansLinks to an external site. because of the high tariffs." Why is it that the Indian government has allowed so far 60% - 100% tariffs on imported cars? Your answer needs to be found in the article OR in the chapter that you studies (3). NOT in Internet desktop research! (50-75 words, 8 pts). Why are Maruti Suzuki, Tata Motors and Mahindra resisting this change? Again, use the article and what you have learnt in class. NO desktop research. (50 words max, 4 pts). All else equal, would the WTO - a priori - be pleased about this potential development? Meaning a possible reduction of Import Taxes or Tariffs. If yes why? If no why? (50 words max, use your arguments based on the textbook material, 3 pts) Say you're a resident of India, and you were planning to buy a Range Rover made in the UK. All else equal, and given this article, and given you have the money available to buy the car - would you, a priori, buy the car or postpone your purchase? If yes why? If no why? (50 words max, use your arguments based on the textbook material, 5 pts) Good luck!
Pleаse mаtch eаch measurement with its equivalent answer.