June 12, 2018
The Trump Administration’s steel and aluminum tariffs will cost jobs and growth, according to a new report released by the C.D. Howe Institute. In “Quantifying the Impacts of the US Section 232 Steel and Aluminum Tariffs”, authors Dan Ciuriak and Jingliang Xiao find that protective trade measures imposed by the United States will reduce US and Canadian GDP, while paradoxically strengthening trade partners outside the North American region through competitive gains.
