The U.S. government imposes a tariff on steel imports. Among the impacts of this tariff is...
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The U.S. government imposes a tariff on steel imports. Among the impacts of this tariff is
More steel will be imported into the U.S.
Buyers of steel in the U.S. will gain.
The price of steel in the U.S. will decrease.
An increase in steel production by U.S. producers.
Homework Answers
ANSWER:
The correct answer is option d that is An increase in steel production by U.S. producers as US government imposes steel tariffs , the supply of steel comes down which means more steel has to be produced locally so as to cater the demand and hence steel will be produced by US producers.
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