8. The arguments for restricting trade Suppose there is a policy debate regarding the United States imposing trade restrictions on imported steel rods: The president of the United States argues that the government should impose a tariff on steel rods because they are a necessary input into the production of various weapons. Free trade would make the United States overly dependent on foreign countries for the supply of steel rods. In case of a war, the United States might not be able to make or purchase enough steel rods and, therefore, would not be able to make enough weapons to defend itself. Which of the following justifications is the president using to argue for the trade restriction on steel rods? Foreign export subsidies argument Infant industry argument Low foreign wages argument National defense argument Saving domestic jobs argument