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?
A) the threat of retaliatory tariffs by Europe
B) the threat of a possible recession in the United States
C) the improved profitability of domestic steel firms
D) the decrease in demand for steel by U.S. industries
Correct Answer:
Verified
Q132: Q133: Q134: Recall the Application about the impact tariffs Q135: A restriction on imports is likely to Q136: Import restrictions create an incentive to smuggle. Q138: Which of the following trade policies raises Q139: What are import licenses? Q140: Recall the Application about the impact tariffs Q141: What was the mistake that the governments Q142: Would consumers benefit more from a tariff![]()
![]()
A) These are rights,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents