I work in contracting, costs will go up, which will be born by the consumer. Today we are talking Steel and aluminum. The consumer will bear the cost of any revival.
Other industries will have their own layoffs.
We are finally heading towards some loosening of the purse strings, both on the consumer level and corporate level. I’m skeptical of anything that leads to people tightening up, which would offset a lot of the good accomplished this year.
“Global Automakers said that President George W. Bush’s 2002 steel tariffs cost the economy 200,000 jobs, including 30,000 in Michigan, Ohio and Pennsylvania.”
I was too young at the time and not concerned with these things, but tell me how we’ll be better off this time?