Each “Saved” Job Costs Consumers Half a Mil
The popularity of protectionist trade policy is growing and is being actively promoted by President Trump. The appeal is clear and understandable: protectionism does save and protect some American jobs in protected industries, and those jobs are easily visible, identifiable, and measurable. But the one group of Americans we never hear about from Trump when he discusses international trade are the most important group of Americans – the American consumers who are the group that have the most to gain from international trade and the group that has the most to lose from trade barriers.
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