Brain357
Platinum Member
- Mar 30, 2013
- 37,068
- 4,189
- 1,130
Where does it show that?We aren't losing jobs now? Trotting out examples of big business that loves cheap material supply so they can stick it to us doesn't change anything.US Steel Tariffs Against China Are Working: Americans Losing Jobs, Becoming Poorer As A Result
Some manufacturers are pushing back. In a letter to the Department of Commercerequesting an exemption, Steelcase Inc. Chief Executive James Keane said a tariff on a special kind of Japanese steel could cost one of his subsidiaries $4 million to $5 million a year.
The subsidiary, Polyvision, makes whiteboards for schools at a plant in Oklahoma, where it employs about 50 people. “If nothing changes, we would have to close our Oklahoma plant,” he wrote. “Schools can’t afford to pay more for these whiteboards, so if we raise prices to our customers they will use lower quality substitutes that are likely not made in the U.S.”
Yes it shows tariffs lost more jobs than protected while increasing prices to consumers. That is a losing strategy.
Note that last line. The estimation of jobs lost to steel tariffs was higher than the total number working in the steel industry. And that, of course, is why we don’t like tariffs on imports. They make us all poorer and get some number of us kicked out of our jobs too. Yes, this is true even if the importer is “playing unfair” or dumping.