Comment by matwood
7 hours ago
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.
What is a more "effective way to meet that goal"?
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