A in 2002 the united states introduced tariffs on certain

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a) In 2002 the United States introduced tariffs on certain steel imports from China and Europe. One can argue that in some cases, the introduction of these tariffs improved welfare in the United States. Why?

b) Use your answer to part a) to explain why president George W. Bush suspended the U.S. tariffs on steel 17 months ahead of schedule.

Reference no: EM13379642

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