Did Trump's tariffs work?
Remember how Trump said tariffs would protect American steel companies and steel workers?
Last year, the United States produced 80 million metric tons of raw steel. That’s actually less than America produced in 2017, the last full year before Trump’s tariffs were implemented.
It’s been nearly six years since the tariffs were imposed, and steel prices are now higher. But instead of resurrecting the steel industry, those higher prices have cost consumers about $650,000 per job saved.
#trump #economics #jobs #economy #steel
Last year, the United States produced 80 million metric tons of raw steel. That’s actually less than America produced in 2017, the last full year before Trump’s tariffs were implemented.
It’s been nearly six years since the tariffs were imposed, and steel prices are now higher. But instead of resurrecting the steel industry, those higher prices have cost consumers about $650,000 per job saved.
#trump #economics #jobs #economy #steel
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