This via chief economist at KPMG in the US, Diane Swonk:
a Federal Reserve study showed that Trump’s 2018–2019 steel tariffs raised input costs so sharply that any jobs protected in the steel sector were outweighed by broader manufacturing job lossesSwonk warned that the impact could be even more severe this time around“Now double steel tariffs and combine them with more tariffs.”
This article was written by Eamonn Sheridan at www.forexlive.com.