Imposing Tariffs

a) Do you believe the Bush administration was correct in imposing tariffs in March 2002 on a wide range of steel imports?

b) Why are the main beneficiaries of protective tariffs such as those imposed on steel imports? Who are the losers?

c) Does the WTO represent a loss of US national soverignty? Why do you think the WTO aided with the European Union?

d) If all tariffs on international trade in steel were removed, and subsidies to steel exporters around the workd were banned, who would this benefit? Who would lose from such action?