In 2002, President Bush enacted a 30 percent tariff on imported steel. The primary beneficiaries of this tariff were

A) U.S. steel companies and employees.
B) U.S. automobile companies and employees.
C) foreign steel companies.
D) foreign steel workers.
E) both a and b above.

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Robert Smith · Accepted Answer

Final Answer : A, Explanation :  The primary beneficiaries of the tariff were U.S. steel companies and employees, as the tariff was intended to protect the domestic steel industry from foreign competition by making imported steel more expensive.

In 2002, President Bush enacted a 30 percent tariff on imported steel. The primary beneficiaries of this tariff were

A) U.S. steel companies and employees.
B) U.S. automobile companies and employees.
C) foreign steel companies.
D) foreign steel workers.
E) both a and b above.

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In 2002, President Bush enacted a 30 percent tariff on imported steel. The primary beneficiaries of this tariff wereA) U.S. steel companies and employees.B) U.S. automobile companies and employees.C) foreign steel companies.D) foreign steel workers.E) both a and b above.

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Learning Objectives

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Related questions

In 2002, President Bush enacted a 30 percent tariff on imported steel. The primary beneficiaries of this tariff were

A) U.S. steel companies and employees.
B) U.S. automobile companies and employees.
C) foreign steel companies.
D) foreign steel workers.
E) both a and b above.