The Corner

Economy & Business

De Rugy in the New York Times

Veronique de Rugy is in the New York Times today, writing about the employment effects of the Trump administration’s tariff plans:

Instead of bringing jobs back to America and fighting off imports, the tariffs led to more jobs shipped abroad and more imports of final, rather than raw, goods. In other words, if your company uses steel to make pipes or refrigerators, you may decide to simply produce your own products abroad rather than paying artificially inflated prices on steel in order to make them in the U.S.A.

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