Who pays the tariffs on imports on foreign steel

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Reference no: EM133237524

Assignment - Import Tariffs on Steel Discussion

Description - Read the Closing Case American Steel Tariffs (attached). Then, answer the following question:

1. The steel industry has a long history of asking for, and getting, tariff protection from foreign competitors. Why do you think this is the case?

2. Who pays the tariffs on imports on foreign steel into the United States? How does the payee deal with the additional costs that the tariffs represent?

3. What was the motivation of the Trump administration in placing tariffs on imports of foreign steel in 2017? Who benefits from these tariffs? Who loses? In your estimations, are the tariffs and net positive or negative for the American economy?

Reference no: EM133237524

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