/ Modified mar 22, 2018 4:04 p.m.

Economist: Trump Tariffs Could Cost Jobs in Places Like Arizona

UA professor George Hammond cites potential rise in the cost of targeted materials.

money cash economy dollars U.S. currency in various denominations.
via Pixabay

A University of Arizona economist says the Trump administration's tariffs might make life difficult for Arizona workers.

George Hammond said U.S. tariffs on steel and aluminum could save jobs in one part of the American economy, but cost jobs in another.

President Trump announced tariff exemptions for Canada, Mexico and a dozen other nations. Hammond said it still leaves a number of countries, including China, facing trade penalties when the tariffs take effect.

"Imagine the administration proposes tariffs on steel and aluminum from those countries, and they respond with retaliatory tariffs or quotas or other trade restrictions," Hammond said. "That could have a big impact on Arizona's export performance."

Hammond said the tariffs could result in workers losing their jobs in downstream business sectors that rely on steel and aluminum. He suggested those job losses could exceed the numbers of those the Trump administration wants to save by putting the tariffs in place.

By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
Arizona Public Media is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona