President Donald Trump has announced the US will double its current tariff rate on steel imports from 25% to 50%.
The 2018 steel tariffs just called to remind you that steel is produced by a tiny sliver of the economy, but used as an input by a much broader swathe of manufacturers. econofact.org/steel-tariff ...
-- Justin Wolfers (@justinwolfers.bsky.social) May 30, 2025 at 6:23 PM
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