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Re:China backtracked on almost all aspects of U.S. trade dea... by scarface74 on Wednesday May 08, 2019 @11:00AM (#19859442)
“Trump’s steel tariffs cost U.S. consumers $900,000 for every job created, experts say“

https://www.washingtonpost.com/business/2019/05/07/trumps-st...

Re:China backtracked on almost all aspects of U.S. trade dea... by HillaryBriss on Wednesday May 08, 2019 @12:28PM (#19860431)
I didn't say it was good for everyone. You said "The trade war isn't helping anyone." I only pointed out that some narrow interest groups favor it because it's helping them.

There are other inefficiencies in the US economy, jobs that are preserved or are high paying solely because existing laws limit competition, limit participation by potential additional workers, etc

The real issue here is not "Have these tariffs caused our economy to deviate from pure efficiency?" It's "Which special groups are allowed to have their own interests protected and extended by law and by government action?" This stuff is happening all over the economy.

Re:China backtracked on almost all aspects of U.S. trade dea... by simonh on Wednesday May 08, 2019 @11:31AM (#19859764)
Very similar story with the Obama tire tariff. $926,000 cost to consumers per job saved, plus the loss of 3 retail jobs due to consumers spending more on tires and less on other stuff.

http://www.aei.org/publication/2009-tire-tariffs-cost-us-con...

Re:China backtracked on almost all aspects of U.S. trade dea... by scarface74 on Wednesday May 08, 2019 @12:14PM (#19860264)
As usual, when the government gets involved in the market and the economy, with a combination of incompetence and cow towing to special interest, it makes the situation worse.