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2002 United States steel tariff (en.m.wikipedia.org)

submitted 2 days ago by cron@feddit.org to c/wikipedia@lemmy.world

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On March 5, 2002, U.S. President George W. Bush placed tariffs on imported steel. The tariffs took effect March 20 and were lifted by Bush on December 4, 2003. Research shows that "the costs of the Safeguard Measures [steel tariffs] outweighed their benefits in terms of aggregate GDP and employment".

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[–] cron@feddit.org 8 points 2 days ago (5 children)

Due to the current news of more tariffs, it's probably a good time to read about the effects when Bush did a similar thing 20 years back.

[–] awesomesauce309@midwest.social 13 points 2 days ago (2 children)

Nice idea… too bad looking to the past and learning things from it is woke

[–] cron@feddit.org 5 points 2 days ago (1 children)

yeah we don't do that anymore. Might learn something we'd rather not know.

[–] Quill7513@slrpnk.net 3 points 2 days ago

like that every fascist government got millions of its own citizens killed

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