Trump’s steel tariffs will cost 400,000 Americans jobs

Question

Trump’s steel tariffs will cost 400,000 Americans jobs

Easton Jenkins

After Donald Trump announced tariffs on steel and aluminum from the US’s closest allies last week, economists warned that they could result in thousands of US job losses. The latest numbers from The Trade Partnership, a DC-based economics research firm, suggests that the impact will be even worse than originally estimated.

Some 400,000 jobs will be lost, with 16 losses for every job created by the tariffs, the group said today. That’s more than three times the number of job losses it expected earlier.

As Quartz has explained, it’s true that steel producers in the US may see a slight rise in jobs due to tariffs. However, the (much larger) industries that depend on imported steel will suffer, like automakers, construction groups and even financial services. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March, but 4.6 million work in jobs that depend on metal.

Employers in industries that use metal will have to pay more for raw materials, charge more for products, and could trim or move jobs. “Steel consuming industries face annual employment declines of 97,614 in each of the first one to three years the tariffs, quotas and retaliation are in place,” the Trade Partnership says.
qz.com/1297697/trumps-steel-tariffs-will-cost-the-us-400000-jobs-says-economists-now/?utm_source=qzfb

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June 6, 2018 - 09:33

Cooper Reed

An ally doesn't rip you off. All of our "allies" had obstacles to US imports, why the fuck shouldn't we?

June 6, 2018 - 11:04

Austin Hughes

Please.
Remember the "bail out the banks or everything will collapse" bullshit?

The only sad part is that the tariff is only on steel.
Tariffs should be put on all imports.
Foreign products will be more expensive so national production can grow.
America was always a protectionist country and as soon as this changed everything went downhill.
It's good that protectionism is making a comback. This way the rest of the world can follow too and we all will have a chance to regain our national industries.

June 6, 2018 - 15:12

Jason Jones

/shitty fake news thread

June 6, 2018 - 15:34

Ryan Garcia

> The Trade Partnership, a DC-based (((economics research))) firm.
Absolute bullshit.
Maybe there'll be job losses amongst the parasites who profit from exporting America's wealth and wealth generation capability i.e. jews and their shabbos goyim. If so, good. But I doubt even that because their kind always make sure they're alright.

June 6, 2018 - 15:36

Asher Robinson

What in the fuck are you smoking.
Pick one.

June 6, 2018 - 16:35

Jordan Phillips

Shills in admin positions jerbs will be lost.
while at the same time making millions of Blue Collar jobs for the Common working man.
Buy American! dont buy cheap crappy foreign Goods

June 6, 2018 - 16:42

Robert Adams

HAHAHAHHAHA

June 6, 2018 - 16:44

Alexander Gutierrez

Fuck off, commie. Employment is a means to an end, not an end unto itself.

June 6, 2018 - 17:11

Jayden Peterson

just let them flood the market with cheap steel guise
totally ok

June 6, 2018 - 17:16

Camden Peterson

Yeah, sure, they'll "move" after finding out everything produced outside of the US gets a tariff.
Whoever writes these articles, they're not sending their best.

June 6, 2018 - 17:40

Brayden Fisher

Yeah, he is literally doing exactly the opposite of what he was voted in for, while harming the people who voted for him, and the TreasonCrats get to parade it around as some sort of lesson.

June 6, 2018 - 20:26

Wyatt Gonzalez

Get your stories straight, numbnuts. Your worldbuilding is dildos.

June 6, 2018 - 20:53

Henry Gray

There might be 400,000 jobs lost from Canada and Mexico. Which is part of America.
But the US will gain those jobs back and more at home.

June 6, 2018 - 20:54

Isaac Harris

I guess you werent paying attention to his campaign but he did mention putting tariffs on foreign imports and leveling the playing field of international trade numerous times. It was one of his talking points at pretty much every rally.

June 6, 2018 - 21:03

Carter Ortiz

Economic growth always creates jobs, but vice versa is not true. But I'm not going to explain Basic Economics to trash, I just send it to the bin:
>>>Zig Forums

June 6, 2018 - 22:50

Lucas Long

Fuck off chaim

June 9, 2018 - 14:10

Isaiah Nelson

Why the fuck does this trash keep coming up? It's so fucking simple.
Building takes 100 tons of steel to build. They pay 9.4 cents per unit for american steel, or 8.1 cents per unit for chinese dump. So you create tariff that raises the effective cost of the chinese steal to 10.5 cents per unit. Now the obvious choice is to buy American steel, built with american jobs, to fund the american job of construction of a new job site for Americans.
Lost jobs where? How? The fuck you shills make less and less sense every day…

June 9, 2018 - 21:06

Andrew Wood

How many American jobs are foreign tariffs costing?

June 10, 2018 - 12:00

Alexander Ramirez

fuckup president

June 11, 2018 - 02:38

Jordan Stewart

>mfw (((Free Trade))) cucks still mad

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June 11, 2018 - 02:58

Hudson Brooks

>everybody who disagrees with me is mad and (((a jooooo)))
fuck off cucky, also bumpan this thread because my family was in Buenos Ares

June 11, 2018 - 15:14

Christian Hughes

this

0 fucks given

June 11, 2018 - 18:45

Logan Evans

do you give any fucks that you no longer have a board?

June 11, 2018 - 19:26

Jacob Rivera

...

June 11, 2018 - 19:46

Nathan Nelson

How protectionist the US has been is directly proportional to our debt. Causally so.

June 11, 2018 - 19:48

Owen Harris

hi summer

June 11, 2018 - 20:27

Kevin Stewart

>>>/trump/

June 11, 2018 - 22:31

Isaac Allen

It is simply a bargaining ploy. The tariffs was suppose to convince the other countries to negotiate to remove the pre-existing tariffs they have on US-made goods.

Nice try with the fearmongering.

June 12, 2018 - 02:40

Anthony Thomas

lol

June 12, 2018 - 03:50

Nathan Sullivan

All of Detroit.

June 12, 2018 - 03:54

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