LogFAQs > #904036521

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TopicAnd the layoffs from an "easy to win" trade war have started...
TheCyborgNinja
06/27/18 12:49:36 AM
#20:


adjl posted...
Andromicus posted...
adjl posted...
Man, if only another president in recent history had tried enacting tariffs on steel so Trump could have learned from that history instead of having to make this mistake himself. That would have been so convenient.

Who dat


https://en.wikipedia.org/wiki/2002_United_States_steel_tariff

A study from 2003 that was paid for by CITAC, a trade association of businesses that use raw materials, found that around 200,000 jobs were lost as a result.

The problem to is that reversing the tariffs won't make the jobs come back. Those companies will have either closed or found another way/place to do things.
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