Why didn't U.S. tire producers support the recently enacted tariff on imported Chinese tires?
A) Many of them manufacture tires in China.
B) They were already earning monopoly profits.
C) Since the union supported the tariff, they naturally had to oppose it.
D) They wanted the government to impose an import quota rather than an import tariff.

Question

Quizplus · Accepted Answer

Many U.S. tire producers have set up manufacturing facilities in China themselves, and thus would not benefit from a tariff on imported Chinese tires. In fact, such a tariff may hurt their profits by increasing their own costs of production.

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