On March 5, 2002, U.S. President George W. Bush placed tariffs on imported steel. The tariffs took effect March 20 and were lifted by Bush on December 4, 2003. Research shows that “the costs of the Safeguard Measures [steel tariffs] outweighed their benefits in terms of aggregate GDP and employment”.
Due to the current news of more tariffs, it’s probably a good time to read about the effects when Bush did a similar thing 20 years back.
Nice idea… too bad looking to the past and learning things from it is woke
yeah we don’t do that anymore. Might learn something we’d rather not know.
like that every fascist government got millions of its own citizens killed
Yeah but someone called Trump a chicken. So consequences be damned. Until he chickens out again
wp:Tariffs in the first Trump administration#Steel and aluminum