So why doesn't Trump understand that the number of American workers that use steel and aluminum to make their products (and will be hurt) far, far outnumber the number of American workers that produce steel and aluminum? (approx. 5M vs. 180K for steel) The net result is a tax on American families that use those products which essentially wipes out the modest tax cut that average American families recently received. I'll let Larry Kudlow, Trump economic advisor and conservative, state it better. Since so many of the things Americans consumers buy today are made of steel or aluminum, a 25 percent tariff will likely get passed on to consumers at the cash register. This is a regressive tax on low-income families.Yes...and Trump thinks we should manufacture more of the products we use instead of importing them. He also believes that it would also lead to more jobs. It is really not that complicated.
It's bad news for Americans but politically it's a good thing for Dems as having a trade war with the world heading into the 2018 midterms won't be a good talking point for Repubs. How long will Trump supporters continue to support him when he keeps kicking them to the curb?
Kudlow: Mr. President, tariffs are really tax hikes
https://www.cnbc.com/2018/03/03/kudlow-mr-president-tariffs-are-really-tax-hikes.html