Trump’s Steel Tariffs Will Hurt Americans: New at Reason

The Trump administration says a steel tariff will be announced in the next two weeks to preserve American industries. John Stossel says that won't work.

George Bush tried a similar tariff. Steel production hardly rose at all, and 200,000 jobs were lost in American industries that depend on steel.

Trump is also using the 25% tax as leverage to get Canada and Mexico to renegotiate the North American Free Trade Agreement (NAFTA). He calls the current deal "such a disaster."

But Stossel says NAFTA has been good!

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