4 ms·
Steel tariffs (for example) are great for US steel producing jobs but terrible for US steel consuming jobs (auto makers, etc). From a jobs perspective (ignorin
by throwaway34241 8y ago
Steel tariffs (for example) are great for US steel producing jobs but terrible for US steel consuming jobs (auto makers, etc). From a jobs perspective (ignoring any retaliation) it would make more sense to have tariffs on consumer goods instead of intermediate goods, but that's more politically difficult since obviously consumers are going to notice tariffs on consumer goods more.
I'm very skeptical that even without retaliation, tariffs on China will lead to much USA manufacturing jobs (as opposed to automated US manufacturing, or manufacturing shifting from China to Vietnam, Thailand etc.
Of course certain industries will be big winners or losers though.