Round 3: ‘Trade Discussion’ or ‘Trade War’? The Estimated Impacts of Tariffs on Steel and Aluminum

Round 3: ‘Trade Discussion’ or ‘Trade War’? The Estimated Impacts of Tariffs on Steel and Aluminum

This policy brief updates The Trade Partnership’s March 13 policy brief on the potential net U.S. job impacts of tariffs, quotas, and retaliation by U.S. trading partners, in response to Section 232 steel and aluminum tariffs. It reflects changes to the country exemption list announced May 31. We find the tariffs would result in a net loss of over 400,000 jobs after accounting for positive impacts on U.S. steel and aluminum producers. Overall, sixteen jobs would be lost for every steel/aluminum job gained.

Click here to see the March 13 report.

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