In 2017, the United States imposed a tariff on steel imports from a number of countries. Steel
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In 2017, the United States imposed a tariff on steel imports from a number of countries. Steel is an input in a large number and variety of U.S. industries. Explain why political lobbying to eliminate these tariffs is more likely to be effective than political lobbying to eliminate tariffs on consumer goods such as sugar or clothing.
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There are many fewer businesses that use steel as an input than there are consumers who buy ...View the full answer
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