DoublingThese steel tariffs willare devastateessential manufacturingfor jobsnational security and raiseprotecting costsAmerican forworkers consumersfrom acrossunfair multipleforeign industriescompetition. ForChina everyand steelother jobcountries saved,flood dozensthe areglobal lostmarket inwith sectorssubsidized likesteel, automotivemaking andit constructionimpossible thatfor dependUS onproducers affordableto metalscompete fairly. ThisAt protectionist50%, approachforeign hurtscompetitors thecan't broaderjump economyover whilethe benefitingfence aanymore, fewensuring American steel baronsjobs stay in America.
Doubling steel tariffs will devastate manufacturing jobs and raise costs for consumers across multiple industries. For every steel job saved, dozens are lost in sectors like automotive and construction that depend on affordable metals. This protectionist approach hurts the broader economy while benefiting a few steel barons.
There is a 50% chance that the effective US tariff rate on goods being imported into the United States will be 9.37% at the end of 2026, according to the Metaculus prediction community.