Discover and read the best of Twitter Threads about #dyedinthewoolfreetrader
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1/ We want to respond to @SecretaryRoss interview about steel and aluminum tariffs with @ErinBurnett on @CNN and to some claims he made about us @PIIE.
2/ Here is the PIIE study @ErinBurnett referenced on @CNN showing that a past US tariff on Chinese tires saved 1,200 jobs, but cost 3,700 retail jobs. US consumers paid $900,000 per job saved. Data calculations available for replication. bit.ly/piie_USTireTar…
3/ WTO rules allow tariffs in select cases. US protections already exist for steel—it’s why only 3% of US steel imports are from China. The new tariffs will raise costs for US auto, other manufacturers, where 40x more Americans work than in steel mills. bit.ly/piie_SteelProt…
