skews13
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- Mar 18, 2017
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Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.
Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.
Over 146,000 Americans will lose their jobs to Trump's trade tariffs
Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.
Over 146,000 Americans will lose their jobs to Trump's trade tariffs