3) The steel industry must be protected from cheap foreign imports If steel does not receive (tariff) protection

Question

3) The steel industry must be protected from cheap foreign imports. If steel does not receive (tariff) protection,

foreign imports will drive American producers out of business, thus reducing the number of jobs available to Americans. Explain why the person making this statement is ill informed about economic principles. What is the flaw in their reasoning?

Microeconomics