Comment by cm2012
7 hours ago
We are losing a lot more manufacturing due to the new tariffs on industrial parts than we are gaining from tariffs on finished products
7 hours ago
We are losing a lot more manufacturing due to the new tariffs on industrial parts than we are gaining from tariffs on finished products
https://www.piie.com/blogs/realtime-economics/2025/trumps-ta...
Steel tariffs are calculated to cost ~$900k per job saved. It also makes all other industries in the US that use steel less competitive in the global market.
Steel is particularly sensitive in rich countries. Ask yourself: Why haven't all steel plants closed in rich countries and moved to poor countries? Military.
Sure, steel is important to keep in a country for many reasons. It doesn't mean tariffs are the most effective way to meet that goal.
2 replies →