Business, 12.08.2020 17:01 Jalenmiller492
Steel Tariffs Appear to Have Backfired on Bush
President Bush set aside his free-trade principles last year and imposed heavy tariffs on imported steel to help out struggling mills in Pennsylvania and West Virginia. Some economists say the tariffs may have cost more jobs than they saved, by driving up costs for automakers and other steel users.
Source: The Washington Post, September 19, 2003
Explain how a high tariff on steel imports can help domestic steel producers.
Explain how a high tariff on steel imports can harm steel users.
When a high tariff is placed on steel imports, U. S. steel producers producesteel and they pay a price.
A. less; higher
B. more; lower
C. less; lower
D. more; higher
Answers: 2
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Steel Tariffs Appear to Have Backfired on Bush
President Bush set aside his free-trade principles l...
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