Wall Street’s hair is on fire about steel and aluminum tariffs imposed by President Trump, because closing mills and factories in the United States and moving them overseas is how investors enrich themselves. [Richard Trumka | March 20, 2018 | Washington Post] And those wealthy investors reap even fatter profits when offshore mills and factories violate trade…
U.S. tariffs on aluminum and steel imports will add thousands of jobs at domestic producers, offsetting labor losses in other industries, while economic growth will slow by a tiny percentage, according to the Coalition for a Prosperous America. [Joe Deaux | March 20, 2018 | Bloomberg] The study is from the nonprofit organization, which has…
Research finds slight decline in GDP, no job loss Washington. A new study from the Coalition for a Prosperous America (CPA) finds that the effects on the US economy of the recently announced Section 232 steel and aluminum tariffs would be nearly undetectable, with the net job impact approaching zero. Gross domestic product would decline by only eight one-thousandths of one…
By Jeff Ferry, CPA Research Director CPA Economic Model Refutes Alarmist Trade Partnership Study A Coalition for a Prosperous America (CPA) modeling study of the impact of the Section 232 tariffs on the U.S. economy shows minimal national macroeconomic impact of the tariffs. The study shows that U.S. GDP would fall by 8/1000s of 1…