Trade war’s missed goals: the case of steel products

Since the beginning of 2018 the Trump administration has tak-en various protectionist measures on US imports. No easing is in sight. In the run-up to the upcoming G-20 summit in Buenos Aires, US President has threatened to intensify protectionist measures on Chinese and European imports into the US.

The US economy is still doing well. Moreover, some simulations indicate that trade barriers could even give the US economy a net advantage. The data seems to contradict this. Using the example of import tariffs on steel products, this study shows that the targets set by protectionism are missed there.

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