That’s a seriously flawed analysis. First, although 50,000 factory workers in the American tire industry were being threatened by imports, they only considered the 1200 increase in employment after the tariffs, to be the “saved Jobs”.
Second, while the calculation of $716 million in additional tire costs to consumers for a year. They don’t ackowledge that was $716 million that was plowed back in the American economy. They act like it was all about the factory workers. They dismiss the money that went to the corporate offices, like corporate offices aren’t real jobs.
Sorry find a much less biased analysis. That institute promoted the WTO, NAFTA, and other free trade agreements. Of course they are going to try to skew their analysis to make it look like free trade is working and protectionism is wrong.
But a trip to walmart and shadowstats.com’s unemployment page tells you all you need to know about free trade.
Actually, your analysis is flawed at the most fundamental of levels. If you make me pay $20 for an American shirt that otherwise would have cost me $15, you cannot claim that $5 is “plowed” into the economy. The only thing you’ve done is have the government tell me where the $5 goes. Why can’t I have the liberty to spend the $5 elsewhere?
The WTO, NAFTA, and other free trade agreements? Darn, you make it sound like Ronald Reagan worked there.