Donald Trump’s foolish predilection for protectionist/isolationist policies has been my main substantive complaint of him, other than my complaints that he’s an unabashed kleptocrat and all-around despicable human being.
A certain amount of domestic steel and aluminum production is necessary for national security interests. That production can be subsidized without negatively impacting broader aspects of the economy.
These tariffs, however, will have a deleterious effect on our economy. Things like cars and buildings will cost more to produce and build, which will needlessly increase their prices. Manufacturers will also move to outsource production to avoid the more expensive tariff-laden steel and aluminum.
Trump will surely place an “America First” spin on this decision, but in implementing these tariffs he is actually placing America’s economy last.