In September 2009, President Obama placed high tariffs on imported tires from China. Why did the President do this?
A) Because reducing imports from China will make America more prosperous.
B) The costs of the tariffs will be small compared with the benefits of saving American jobs.
C) Because tariffs will lower tire prices, which is especially important with the high unemployment at the time.
D) Although the policy harms the consumers of tires, the policy directly benefited the United Steelworkers, a special interest group that provides political support to the Democratic Party, of which President Obama is a member.
Correct Answer:
Verified
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