WASHINGTON (AP) — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising ...
, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials prices, making it harder to compete with overseas rivals and costing it several contracts.
The protectionist tilt reflects the widespread view that opening the nation to more imports — especially from China — wiped out American manufacturing jobs,, a potent topic in the Midwestern industrial states that will likely decide who wins the White House. He did pressure Mexico and Canada into rewriting a North American trade deal that Trump insisted had destroyed U.S. manufacturing jobs. He also persuaded China to agree to buy more American farm goods. But his efforts didn't revive the manufacturing base — factory jobs make up a smaller share of U.S. employment than they did before his presidency — or permanently shrink America's trade deficits.
“The laissez-faire economic model of trade wasn’t working for the United States,’’ said Elizabeth Baltzan, a senior adviser to U.S. Trade Representative Katherine Tai. “We want to correct for that. The measures you take in order to get a fairer may involve measures that could be labeled protectionist.''
Either way, a consensus has formed in recent years that U.S. trade policy had to change. David Autor, an economist at the Massachusetts Institute of Technology, and two colleagues concluded that from 1999 to 2011, cheap Chinese imports wiped out 2.4 million American jobs. The United States seems unlikely to reverse its movet toward protectionism anytime soon. China, struggling to revive its own economy, is trying to export its way out of trouble, threatening to overwhelm world markets with cheap EVs and other products.
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