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Import duties in the United States: The balance is sobering

a year Ago, announced the US President, Trump import duties on foreign steel, and aluminum. So he wanted to get more industrial jobs back - the balance sheet is, however, predominantly negative.

For the economic experts, Jacob Kirkegaard Donald trump's tariffs on steel and Aluminium are a perfect example of how counter-productive duties that are supposed to protect domestic production. Kirkegaard is working for the "Peterson Institute for International Economics", a think tank in Washington, has investigated what are the consequences of the duties of the US President, Trump.

a Clear winner are a few of the steel companies and aluminum manufacturers in the United States, says Kirkegaard: "they could demand higher prices, because foreign competitors now have to pay import duties. Therefore, they have made higher profits, and some of the blast furnaces."

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