Wall Street Journal (February 10)
Trump’s first-term “levies hurt consumers and U.S. manufacturers.” The “truth” about his past steel tariffs is that they “made U.S. manufacturers less globally competitive and prompted retaliation that hurt American businesses.” The tariffs ultimately “created uncertainty for U.S. manufacturers and boomeranged on steel and aluminum companies.” Second-term Trump just “gave the economy another jolt of uncertainty… when he signed executive orders imposing 25% tariffs on all steel and aluminum imports.” Is his “strategy to harm U.S. manufacturers and workers?” His tariffs are “political rent-seeking at its most brazen” and benefit “the few at the expense of the many.”
Tags: Aluminum, Boomeranged, Brazen, Businesses, Competitive, Consumers, Harm, Levies, Manufacturers, Rent-seeking, Retaliation, Steel tariffs, Trump, Truth, U.S., Uncertainty
