[Pierre]

Originally Posted by Hugh

For his previous Tariffs, they say

Swings and roundabouts, winners and losers

Workers who produce the specific goods covered by tariffs typically benefit from the protection. While it is difficult to pin down exact numbers, the tariffs on steel products appear to have helped create several thousand jobs in the steel industry; similarly, tariffs on washing machines are associated with approximately 1,800 new jobs at Whirlpool, Samsung, and LG factories in the US. In these specific industries, then, tariffs have probably been good for workers.

But any benefits for workers in import-competing industries need to be balanced against losses for two other groups of workers. First, many workers are employed in factories that use imported goods as inputs in their production processes, and when these imports increase in cost due to tariffs, it harms their production, often leading to job losses. Second, when the U.S. unilaterally imposes tariffs, American trading partners often implement retaliatory tariffs which may limit U.S. export production, again ultimately harming workers in these industries.

In general, then, Trump’s tariffs have helped some workers and hurt others.

https://www.brookings.edu/articles/d...onal-security/