by Donna Martinez
Former Senior Writer and Editor, John Locke Foundation
Reaction to President Trump’s proposal to impose tariffs on steel and aluminum is coming in rapidly, with many folks pointing out the negative consequences of such a poorly thought out policy move. John Hood, writing at carolinajournal.com today, is blunt in his analysis that the president is proposing to raise taxes on American consumers to help a special interest industry. Governing magazine looks at the impact of tariffs on local economies:
Local officials and economists that Governing interviewed expressed unease about the tariffs’ possible effects on their economies. “We’re quite concerned about this,” says Detroit Regional Chamber President Sandy Baruah. “These global supply chains are so tightly integrated, and they are price-sensitive.”
The auto industry is raising red flags about tariffs as well.