Categories: ECONOMY

Steel Tariffs in Two Pictures


Recall Principle 2 of Three Simple Principles of Trade Policy, Businesses are Consumers Too. Case in point, steel. Justin Wolfers summarizes an analysis of Trump’s 2018 steel tariffs:

ImageImage

Going back further we have a good analysis from Lydia Cox of the Bush steel tariffs. Even though the tariffs were temporary, they led to a rearrangement of supply chains which led to long-lasting declines in exports and employment in steel using industries.

The post Steel Tariffs in Two Pictures appeared first on Marginal REVOLUTION.



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