Economist Justin Wolfers: Trump’s Steel Tariffs Will Destroy U.S.
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Economist Justin Wolfers: Trump’s Steel Tariffs Will Destroy U.S. Manufacturing (Again)
University of Michigan economist Justin Wolfers explains why Donald Trump’s new steel tariffs will backfire—hurting U.S. manufacturing far more than helping it.
#TrumpTariffs #JustinWolfers #SteelTariffs #ManufacturingJobs #Economy #USManufacturing #TradePolicy #MSNBC #DeadlineWhiteHouse
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Economist Justin Wolfers: Trump’s Steel Tariffs Will Destroy U.S. Manufacturing (Again)
University of Michigan economist Justin Wolfers explains why Donald Trump’s new steel tariffs will backfire—hurting U.S. manufacturing far more than helping it.
#TrumpTariffs #JustinWolfers #SteelTariffs #ManufacturingJobs #Economy #USManufacturing #TradePolicy #MSNBC #DeadlineWhiteHouse
Speaking on MSNBC’s Deadline White House (June 2, 2025), Wolfers reminds viewers that when Trump imposed steel tariffs in 2018, about 1,000 jobs were saved—but an estimated 75,000 manufacturing jobs were lost due to higher steel costs rippling across the economy.
Full MSNBC segment: https://www.msnbc.com/deadline-white-house/watch/trump-digs-in-deeper-showing-no-sign-of-backing-down-on-tariff-despite-consumer-fears-240734277997
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