That’s a slight variation of the title of a 
Yahoo! Finance news report from last year with this opening:

In March 2002, President George W. Bush imposed a 30% tariff on Chinese steel. The results were chaotic. In a report put out by Consuming Industries Trade Action Coalition in February of that year, the coalition found the tariffs against China boosted the overall prices of steel and cost the U.S. 200,000 jobs in businesses that buy steel, representing $4 billion in lost wages.

The report referenced above is “The Unintended Consequences of U.S. Steel Import Tariffs: A Quantification of the Impact During 2002” from the Trade Partnership Worldwide LLC, here are some of the key conclusions:

Print Friendly, PDF & Email

Related Posts