Trade Partnership report predicts loss of 146,000 jobs as a result of Section 232 tariffs

The Trade Partnership, Washington, D.C., has published a brief that examines the potential net impacts on U.S. jobs across all industries of proposed tariffs applied to targeted steel and aluminum imports from all countries.

“Does Import Protection Save Jobs?” finds that the tariffs would increase U.S. iron and steel and nonferrous metals (primarily aluminum) employment by 33,464 jobs, but cost 179,334 jobs throughout the rest of the economy, for a net loss of nearly 146,000 jobs. Overall, more than five jobs would be lost for every one gained.

Job losses in other manufacturing sectors (-36,076) would cancel out the job gains in the steel- and aluminum-producing sectors, with particularly large hits to workers in fabricated metal (-12,800), motor vehicles and parts (-5,052), and other transportation equipment (-2,180). Two-thirds of the lost jobs affect workers in production and low-skill jobs.

The report can be found at tradepartnership.com/reports/does-import-protection-save-jobs-the-estimated-impacts-of-proposed-tariffs-on-imports-of-u-s-steel-and-aluminum-2018/.