The $650,000 Question: How Steel Protectionism Fails
November 4, 2025
38 min
36
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4,771 of 4,836
Episode 36 · November 4, 2025
The $650,000 Question: How Steel Protectionism Fails
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38:11This episodeThe $650,000 Question: How Steel Protectionism Fails
Summary
<p>For 60 years, the U.S. government has protected the steel industry through tariffs, quotas, and Buy American mandates. Yet steel costs remain among the highest globally, and protectionism has extracted a staggering price: $650,000 in economic damage for every steel job saved, and 75,000 manufacturing jobs lost in 2019 alone. Cato's Clark Packard and Alfredo Carrillo Obregon investigate why protectionism failed and what market-based solutions would actually work.</p><br /><p><strong>Show Notes:</strong></p><p><a href="https://www.cato.org/policy-analysis/steeled-protectionism" rel="noopener noreferrer" target="_blank">https://www.cato.org/policy-analysis/steeled-protectionism</a></p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>
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