Critical Impact of Trump Tariffs on the US Manufacturing Sector

Recently published research shows that Americans paid the full cost of Chinese tariffs, roughly $ 900 per worker. Higher costs have had a significant impact on US exports. In addition, they stress that the tariffs imposed by the Trump administration have affected production workers in the country.

The first article, published by economists Mary Amith, Stephen Redding, and David Weinstein, argues that tariffs have been completely outsourced to American firms and consumers in most sectors. This refutes claims by the US government that China bears the full burden of tariffs.

Even protectionist steel tariffs proved ineffective, making foreign steel imports more expensive. Protectionist measures did not win the local metallurgy. Leading domestic steel producers, including Nucor and US Steel, have announced layoffs and are reporting production cuts over the past two years.

According to a second study by economists Kyle Handley, Fariha Kamal, and Ryan Monarch, the higher costs paid to manufacturing companies in the US for Chinese parts are built into the final product, ultimately making them more expensive in the international market. The higher costs of importing products subject to tariffs were approximately $ 900 per employee.