Free Trade vs. Protectionism: Economic Pros and Cons
Student Worksheet
Steel mills reported a 5% jump in output right after the March 2018 tariffs, imposed under Section 232 of the Trade Expansion Act, and rehired workers laid off in prior years. By late 2019 U.S. steel prices sat 10% above pre-tariff levels, and small businesses reported unpredictable material costs that make long-term planning difficult, a ripple effect the case study traces past the headline jobs numbers.
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