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Trump’s steel tariffs cost U.S. consumers $900,000 for every job created, experts say

“U.S. consumers and businesses are paying more than $900,000 a year for every job saved or created by Trump steel tariffs, according to calculations by experts at the Peterson Institute for International Economics. The cost is more than 13 times the typical salary of a steelworker, according to Labor Department data, and it is similar to other economists’ estimates that Trump’s tariffs on washing machines are costing consumers $815,000 per job created.”

Remember Solyndra? While the government program that funded Solyndra turned a slight profit, Solyndra lost 528 million. Divide that by the 1100 Solyndra employees and you get 480,000 per job created or saved.  The Trump tariffs are nearly twice as expensive per job created as the most ungenerous metric of Solyndra.

From: washingtonpost.com

https://www.washingtonpost.com/business/2019/05/07/trumps-steel-tariffs-cost-us-consumers-every-job-created-experts-say/?noredirect=on&utm_term=.6c24c8c4b156