If the United States imposes a tariff on imported steel, the tariff will

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The tariff on imported steel will increase the price of imported steel in the U.S. market. As a result, consumers will have to pay a higher price for imported steel, which will increase the incentive for them to buy domestically-produced steel. This will, in turn, increase the demand for U.S. steel, leading to an increase in employment in the U.S. steel industry and an increase in U.S. steel production. However, the total consumption of steel is unlikely to increase, as the higher price of imported steel may discourage some consumers from purchasing steel altogether.

If the United States Imposes a Tariff on Imported Steel