The import tariffs that President Bush placed on imported steel likely had what effect?
A) Domestic steel producers were helped, but domestic steel consumers were hurt.
B) Both domestic steel consumers and foreign steel producers were helped.
C) Both domestic steel producers and domestic steel consumers were helped.
D) Foreign steel producers were helped, but domestic steel consumers were hurt.

Question

Quizplus · Accepted Answer

The import tariffs helped domestic steel producers by creating a protected market, but hurt domestic steel consumers who had to pay higher prices for steel. Foreign steel producers were also hurt because they faced reduced demand for their products in the US market.

The Import Tariffs That President Bush Placed on Imported Steel