No, POTUS Trump’s steel tariffs are not costing the U.S. jobs

(National Sentinel)Â Winning: Free traders — that is, those people who believe the U.S. should give away its economic sovereignty to foreign nations who then grow wealthy from our consumerism — predicted doom and gloom (and massive joblessness) when POTUS Donald Trump implemented his first tariffs on imported steel.

They were wrong, as usual, and POTUS Trump was right.

Bloomberg Businessweek reports that jobs in steel-using industries are actually still growing, not contracting as the naysayers predicted:

Employment in metal-using industries has risen since the tariffs went into effect last spring. Employment in fabricated metals products rose 1.44 percent from April through September, according to the jobs report from the Bureau of Labor Statistics released on Oct. 5.Â

That compares favorably with the increase for overall manufacturing (0.70 percent) and the overall private sector (0.76 percent). In the machinery sector, another big consumer of metal, jobs increased by 1.29 percent over the period.

Earlier organizations like the U.S. Chamber of Commerce andÂ establishment media claimed that the president’s 25 percent tariffs on imported steel and 10 percent tariff on imported aluminum would cost hundreds of thousands of jobs, literally.



