If the U.S.government imposes a tariff on imported steel,who else besides U.S.steel producers gains from the tariff?

Question

Quizplus · Accepted Answer

The U.S. government gains revenue from the tariff, which is essentially a tax on the imported steel. The other options listed may actually be negatively impacted by the tariff. U.S. steel consumers may see higher prices due to reduced competition, U.S. importers of steel may have to pay higher costs to import steel, foreign exporters of steel may lose business to U.S. producers, and the foreign government may retaliate with their own tariffs.

If the USGovernment Imposes a Tariff on Imported Steel,who Else Besides U