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Trump’s steel tariffs will cost 400,000 Americans jobs
| That’s more than three times the number of job losses it expected earlier.
As Quartz has explained, it’s true that steel producers in the US may see a slight rise in jobs due to tariffs. However, the (much larger) industries that depend on imported steel will suffer, like automakers, construction groups and even financial services. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March, but 4.6 million work in jobs that depend on metal.
| Employers in industries that use metal will have to pay more for raw materials, charge more for products, and could trim or move jobs. “Steel consuming industries face annual employment declines of 97,614 in each of the first one to three years the tariffs, quotas and retaliation are in place,” the Trade Partnership says.
https://qz.com/1297697/trumps-steel-tariffs-will-cost-the-us-400000-jobs-says-economists-now/?utm_source=qzfb
| Fake News!!!!111!! Our beloved leader Donald the Trump (HAIL11!!!) will build a wall to solve all problems and america will be a clean and white incest utopia!!!11!!
| >>309219
Those 400,000 jobs were all taken by illegal mexicans! Dear Leader is playing 3D chess with the economy!
| Gee the orange guy famous for going bankrupt doesn't know how to run an economy? Go figure.
| RIP US, this is what you get for electing this joke.
| >>309248
Yes, that's it! In the end always foreigners are the source of all evil. Simpleminded like us will never understand the genius of our great and beloved leader trump. We have to trust him. We are the dumb sheep and he's our sheppard, who protect us from evil mexican-communist-liberal-muslim-nigger wolves. Hail Trump!!!1!
| I don't understand what Trump is thinking. He promoted the oil industry because he believed green energy will cause job loss, then he does this shit? Oh wait, he probably got 'donations'. Gotta support your benefactors.
Trump tirade aside, if this goes well, everyone in the U.S might very well benefit. Getting raw materials locally will make the American economy as a whole run much more smoothly, provide the manufacturers manage to keep up to the demands required of foreign steel.
| >>309864 analysis on the subject of protectionism usually leads to a lack of ability to keep up the demand thus big price hikes happen to many sectors dependant on the one protectionism is applied to. Since US wages don't grow much, this will moreso have a negative impact.
| Trump is making america a meme again.
| i wonder if the people who voted for trump feel slighted now that he's pulling this shit
| >>310420
Unlikely. To his base it's more about taking sides than what actually happens. He can do no wrong as long as there's an evil Deep State to oppose.
| Its more a long term thing isnt it
| Bad luck. Better vote next time lol
| People are still sucking his dick just so they can act like they're better than the other side, not because he actually stands for their views
| >>312093
Actually he only went back on a few of them. And he kept about the same amount.
About 3 quarters of his campaign promises he has delayed, or hasn't started on. Keep in mind we're only halfway through his first term.
http://www.politifact.com/truth-o-meter/promises/trumpometer/
| >>312232
Considering how many of his promises are unconstitutional or just plain bad ideas it's really hard to say if he was lying about any of them. It's more like he failed.
| >>312232
Also it could be much more or much less than half because he hasn't even started so many.
| Do you think he will be reelected for a second term, or people would have learned something by then and will drop this clown?
| He probably will be reelected and blame the other side for blockading for everything he couldn't realise during this term. He has the money, his campaign will most likely be a real-life reality show, and his opponent will be powerless against his ignorance. Jup, he will have a second term.
| >>312553
More like he blames the fake news conspiracy and the invisible deep state. He's still a protest leader and he needs a target.
| >>312559 Well, he has a lot of targets then. Everybody who isn't grovelling at his feet, and/or isn't rich. That's a lot of people and a lot of institutions so there's an enemy for everyone. Just point in a direction, any direction, and you're good to go.
| >>312648 Just look who benefits from the stupid shit Trumpy, or the US government, does and I think there you have your deep state. They're rubbing Trumpy's belly while he chases a "deep state" that he constructed by himself in his mind, or by bis predecessors or other like-minded people. But those are just my thoughts as a filthy german. And it's not like the german government is much different. Dog gamnit.
| WWIII is coming?
| >>312688 US has a deep ass deep state and trump is definitely a part of it, i wouldn't say he constructed it though
| >>312833 Let me clarify. The deep state Trump is chasing is a phantom, a nebulous boogeyman, a distraction with a daily flavour of his choosing by himself for himself, and the people who wholeheartedly support him and believe him. The actual deep state stands behind him, rubs his belly, and says Good Boy.
And I think that's enough of that detour, because that's enough for another thread. How are the tariffs doing?
| >>312981
And you could say this about literally anyone who claims to want to address the deep state problem. Much better to back the guy who could be lying than the one who never promises to begin with.
| Oh for fuck's sake people are just leaking to the press. They want Trump accountable for what he says and does. That doesn't even require a cooperative effort, let alone an entire fucking conspiracy.
Deep State is just something Steve Bannon pulled out of his ass one day. He was the first guy to say it, he didn't offer any evidence, just accusations. Everything else just builds upon that. It's just once people do things, you suddenly think you know why, even when you don't.
| The point is, how many people think he is having success and how many people see he is a clown? If the former are more, has really americans in general fell so low in cognitive abilities that this thing is like an avalanche empowering itself and a self fulfilling prophecy in its absurdity?
| How are we going to build a wall without steel? We're doomed and the cacti will invade now. Good luck to you; may the cactus people live in the ruins of our civilization!
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| After Donald Trump announced tariffs on steel and aluminum from the US’s closest allies last week, economists warned that they could result in thousands of US job losses. The latest numbers from The Trade Partnership, a DC-based economics research firm, suggests that the impact will be even worse than originally estimated.
Some 400,000 jobs will be lost, with 16 losses for every job created by the tariffs, the group said today.