Anyone know that Donald Trump’s protectionist tariffs will increase costs for American consumers? The steel industry — which the tariffs are expected to help — employs some 140,000 workers. Steel-intensive manufacturers that employ some 2 million workers are expected to be hurt by the tariffs. Public hearings on the tariffs are planned this week before the Office of the U.S. Trade Representative. The issue is likely a bargaining chip in hammering out a new trade understanding with China, The Washington Post notes.

Source: Huffington Post May 15, 2018 01:18 UTC