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?

Question

Quizplus · Accepted Answer

The threat of retaliatory tariffs by Europe was the reason why the tariff ended. The European Union had threatened to impose their own tariffs on US goods in response to the steel tariff, which would have hurt US industries and the economy as a whole. In order to avoid this, President Bush decided to repeal the tariff.

In 2002, President Bush Imposed a Tariff on Imported Steel