The Grand Junction Daily Sentinel: Trump’s tariff two-step brings hand-wringing
Author: The Grand Junction Daily Sentinel Editorial Board - March 13, 2018 - Updated: March 13, 2018
President’s Trump proposed tariffs — 25 percent on steel imports and 10 percent on aluminum — are the source of much angst in Washington, D.C., where members of the president’s own party in Congress are mulling whether to introduce legislation to limit his trade powers.
The GOP has typically been supportive of free trade policies and some Republicans on Capitol Hill are worried that the president’s protectionist agenda could trigger a trade war that could hurt the overall economy at the expense of helping a relatively small number of American blue-collar workers.
According to a January Bureau of Labor Statistics report, about 377,000 Americans work in metal manufacturing jobs that could be protected by these tariffs, the Washington Post reported. Meanwhile steel-consuming industries, which employ millions more Americans, could suffer if tariffs increase the price of metals.