Commodities & Energy

Reuters details how Trump's steel tariffs create big profits but few new jobs

Reuters details how Trump's steel tariffs create big profits but few new jobs

Reuters zeroed in on one of the biggest benefactors of President Donald Trump’s protectionist policies – the U.S. steel industry – to show how most of the sector was flourishing even without steel tariffs in place. The protection granted by Washington had only marginal effects on employment and investment in the industry and primarily served to boost already healthy profits.