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Student's name: Tutor: Course and code: Date: "Standing up for Steel" case study A tariff is a list of particular duties mostly imposed by the government to regulate importation and exportation of certain goods. The USA government had various reasons to enact the steal policy but on the other hand some companies were against the policy other industries and the US economy at large. Works Cited CLASS 19: POLITICAL ECONOMY. ECN 121B 2018 pp. 1-30 file: Accessed 14 Mar 2018. Standing Up For Steel: The US Government Response To Steel Industry And Unions Efforts To Win Protection From Imports (1998-2003). Kennedy School Of Government 2018 pp. 1-34 file: Accessed 14 Mar 2018. [...]
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Instructions:Read the case “Standing up for Steel” in the case packet and briefly respond to the case question(s) below.You are welcome to discuss the case as a group, but each person must write their own response. Responses that are identical will not receive credit.Based on your reading of the case, respond to the following question(s): (a)Referencing the class on political economy, what explains why the government might enact a policy like steel tariffs? (b)Big steel firms were initially against the steel tariffs, despite the fact that they would seem to benefit from higher domestic steel prices. Later, they change their stance to favor steel tariffs. later favored steel tariffs. What might explain why they weren’t in favor of steel tariffs throughout the period?
Subject Area: Economics
Document Type: Dissertation
