In 2018, when the Trump administration imposed a 25 percent tariff on imports of steel to the

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In 2018, when the Trump administration imposed a 25 percent tariff on imports of steel to the United States, economists at the Federal Reserve Bank of New York wrote, “We can conclude that the 25 percent steel tariff is likely to cost more jobs than it saves.” Why might a tariff on steel imports cost more jobs than it saves? Which jobs are being saved, and which are being lost?

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Macroeconomics

ISBN: 9780135801741

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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