In 2002,President Bush imposed a tariff on imported steel in order to protect domestic steel producers.What was the reason why the tariff ended?

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The threat of retaliatory tariffs by Europe was the main reason why the tariff ended. The European Union was prepared to impose tariffs on U.S. goods in response to the steel tariffs, which would have hurt U.S. export industries. In addition, the World Trade Organization ruled that the U.S. steel tariffs violated international trade rules. Faced with the possibility of a trade war and damage to the U.S. economy, President Bush chose to end the steel tariffs in 2003.

In 2002,President Bush Imposed a Tariff on Imported Steel in Order