The Financial Times on US President Trump's tariffs on aluminium and steel imports and remarks from Minneapolis Fed president Neel Kashkari
- Understands why US protectionists were seeking to respond to unfair trade practices by other powers including China
But ....
- "If you raise steel tariffs, are the steel jobs in the US going to more than make up for the economic effect [on] everybody who is a steel consumer? If you look narrowly at that, the answer is going to be a resounding no,"
- "I am sympathetic to the desire for fair trade but I am nervous that there will be economic cost to the US economy in trying to show that the threat is credible."
Comments from Kashkari in an interview in Washington on Thursday shortly before the White House announcement, reported by the FT over the weekend, link here, may be gated: Fed officials voice concern about Trump tariffs
