Steel coils sit on wagons when leaving a steel factory in Germany on March 2, 2018, as the U.S. was considering tariffs on steel and aluminum imports. (AP/Martin Meissner) As President Donald Trump weighed imposing tariffs on foreign steel and aluminum, some commentators have warned that this would be a misguided approach.
Noah Smith, a columnist for Bloomberg View and a former finance professor, wrote a column in which he noted, among other things, that a crucial issue facing metals-producing industries isn’t foreign competition — it’s automation.
Tariffs, Smith wrote, won’t "bring back good jobs at steel and aluminum factories. Since […]
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