Trump is using tariffs as a blunt-force tool. It won't work | Mike Williams

Contributing sentiments towards policy:

59% : Tariffs are necessary for correcting distortions in global trade but are a poor tool for catalyzing the kind of investment needed for the long-term viability of the American steel industry, which needs to transition to clean technology to remain competitive globally.
57% : Trump has claimed his tariffs will create a "manufacturing boom", turn America into a manufacturing "powerhouse" and "make America rich again".
52% : For example, a tariff that considers carbon emissions in the production of a given unit of steel would help protect the domestic steel industry from foreign competitors' cheap, high-emissions steel.
42% : Already, Canada and the EU are preparing reciprocal tariffs on American steel and aluminum, which will make American steel even less desirable in those markets.
40% : This could include investment tax credits for revamping steel-production facilities to use clean technologies and production tax credits for making domestic clean steel, spurring private investment across the steel industry.
40% : Unless Trump expands his strategy to include incentives and investment for the steel industry, his approach will be like a game of Jenga: eventually, it will all come crashing down.
26% : Tariffs can help, but the government must go beyond trade policy Last week, Donald Trump revived a trade war from his first term, implementing a 25% tariff on all imported steel.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.