— Mickey Kantor, Clinton’s trade rep, approves of the president’s tariffs on steel, for the reasons I gave below. (Tariffs May Temper a Glut of Steel)
Thirty-one American steel companies have gone bankrupt since 1997, and the steel industry in many nations is in jeopardy.
It’s interesting that none of those bashing the president on this issue have estimated its dollar impact on, say, a Ford Taurus. The only estimates I’ve heard put it around zero dollars to the consumer, on the theory that foreign steel producers will lower their prices and eat it.