Trump is expected 
to announce steel and aluminum tariffs on 03/08 (today), against the advice of his chief economic advisor (who resigned as a result) and many Republicans in Congress including Paul Ryan, Speaker of the House.
Trump supporters, Steve Bannon, big steel and steelworkers might tout that we are finally striking back at China’s dumping of steel, but the implementation of these tariffs is so clumsy, so devoid of strategy, so ignorant of basic economic theory and practice, and so offensive to our allies who might otherwise be able to help our cause in this case, that the harm will surely outweigh the good. And this is true even if no retaliation against US products takes place, the absence of which is unlikely.
Here are facts about the tariffs and who might be helped by them and who might be hurt: [Read more…] about Trump’s Steel and Aluminum Tariff Will Hurt American Workers and Further Damage the International Trading Order
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