Steel and Aluminum Tariffs

It will help some Americans and hurt others. But the overall benefits are likely to be quite limited, and losses larger.

Simple answer is no! Complex answer is that this _could be_ a strategic gambit in a longer game that deters abuse of free trade agreements.

Effects will vary among people, but I expect overall losses will exceed gains.

SMACK. SMACK [punching self in face] SMACK. SMACK.

A robust result is that free trade increases national income. The cases where this is not true are rare and hard to spot.

They may help SOME Americans SIGNIFANTLY but the number is small and the costs to others will far exceed the gains.

Steel and alumin are intermediate inputs, so this broadly harmful
-see background information here

-see background information here

I thought we had learned our lesson with Smoot-Hawley

A small number of people, engaged in steel and aluminum production, will benefit from these tariffs, at great cost to many others.

In net we want more trade not less. This is unlikely to help and runs the risk of starting a trade war. SAD

It will improve some Americans welfare, & hurt many others. On balance it's a very costly way to help those who gain.