Mar 19, 2018

Reason magazine on Trump's steel tariffs

According to 2015 Census data, steel mills employed about 140,000 Americans and added about $36 billion to the economy that year, but steel-consuming industries employed more than 6.5 million Americans and added $1 trillion to the economy. In other words, for every steel-producing job that might benefit from Trump's proposed tariffs, 46 steel-consuming jobs that could be hurt.

~ Eric Boehm, “Trump’s Tariffs Will Make Housing More Unaffordable,”, March 19, 2018

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