You can have an economy expand, steel sector expand and have manufacturing expand at the same time. For one thing, actual socialists do not as a general rule criticize tariffs. Trump:The United States has an $800 Billion Dollar Yearly Trade Deficit because of our “very stupid” trade deals and policies. Indeed, the first analysis of the steel and aluminum tariffs’ effect on the U.S. economy came out earlier this week. … The pain of Mr. Trump’s tariffs will fall not on China but on actors that play by the rules, including Canada, Japan and the European Union.

Source: Washington Post March 08, 2018 13:20 UTC