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Why Trump’s tariffs will hurt more American jobs than they help [MarketWatch]

ALCOA (AA)  More Company Research Source: MarketWatch
Last alcoa earnings: 7/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Why Trump’s tariffs will hurt more American jobs than they help Back when economists Paul Krugman, Mark Zandi feared that Donald Trump’s election would make markets sell-off en route to a recession, they typically argued that tax cuts would goose the economy early in Trump’s term, but protectionist trade policies would spoil the party in the end. Now we may get to see if they were right. President Trump, in his own haphazard way, announced Thursday that he plans to slap 25% tariffs on imported steel and 10% duties on aluminum. Trump’s announcement — which the White House scheduled, then suggested would be about something else, then finally went ahead with — comes amid a hairy few months on trade policy . U.S., Canadian and Mexican negotiators are working on a recast version of the North American Free Trade Agreement — just as Mexico’s president cancelled a state visit to Washington. Meanwhile, the administration is blocking mergers with Chinese companies in semiconductors and even mon [Read more]

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