When the United States established steel tariffs in 2002,who benefited?

Question

Quizplus · Accepted Answer

The producers of steel in the United States benefited from the steel tariffs as it limited competition from foreign imports, allowing them to charge higher prices and increase their profits. Consumers in the United States faced higher prices for steel products due to the tariffs, which negatively impacted them. Producers in the United States that used steel as an input also faced higher costs, which could have hurt their profitability. Steel exporters in other countries were negatively impacted by the steel tariffs as it limited their access to the U.S. market.

When the United States Established Steel Tariffs in 2002,who Benefited