Reihan Salam, The Atlantic
Conservatives in Congress have roundly condemned President Trump for calling for steep across-the-board steel and aluminum tariffs. Gary Cohn has resigned as his top economic adviser, in part, it seems, because he is so appalled by the move. And I get it. Trump’s tariffs are unlikely to do much good, as any benefit to domestic steel and aluminum producers is likely to be greatly outweighed by the harm to domestic steel and aluminum consumers. Moreover, there is a risk, albeit slight, that imposing tariffs could set off a beggar-thy-neighbor trade war. What’s frustrating, though,…
Source: Real Clear Politics