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Predicted impact of Trump's steel and aluminum tariffs on jobs by sector 2018

This statistic provides an estimate of the projected number of jobs created or lost as a result of the Trump Administration's trade tariffs on steel and aluminum in 2018, by sector. Across the United States, the tariffs were predicted to create a net gain of 23,424 jobs in the iron and steel industry. However, the rising costs of production and trade tariff retaliation by major trading partners was estimated to cause significant job losses in other sectors. For example, the net number of job losses estimated for the construction industry is 63,930.

Projected overall number of jobs gained or lost by steel and aluminum tariffs and subsequent retaliations in 2018, by sector *

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Source

Release date

June 2018

Region

United States

Survey time period

2018

Supplementary notes

*The source made calculations based on retaliation in the form of tariffs on imports from the U.S. imposed by the following countries/trade blocks: Canada, India, European Union, Russia, China, Japan, Turkey, Mexico. These were the countries with planned retaliation action at the time of publication.

**Includes forestry products and minerals.

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Statistics on "Trade in the U.S."

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