Question

Give an example of a tariff. Use a primary source to give specifics about the amounts or percentages and your opinion on if it is good or bad for the United States (it may be a tariff on the United States or by the United States).

Answer must be 250 words minimum.

Answer 1

Taxation of foreign steel

Step-by-step explanation:

Generally, for the local producers at the first moment, it is very profitable the very existence of tariffs. They exist all over the world at a higher or lower level. But for the customers and most people, it is not. It may result

In the case of George W. Bush administration (2002) resolution on tariffs ranking up to 30% on steel products.

In the aftermath, this political resolution did not reach the goal due: making the US Steel Industry stronger, due to market behavior and to some specificities of the Steel industry.

Some steel products price has risen while others remained almost at the same level.

Some companies closed some plants in the USA and started producing steel offshore.