Good article on the steel tariffs
From the Wall Street Journal.
The standard libertarian position is that tariffs--all tariffs--suck dead bunnies through a soda straw. I agree with this position.
History, including that of our own Great Depression, also tends to support this view. An excellent case can be made that if the U.S. unilaterally dropped all tariffs, even if other nations kept theirs, that we would still win out economically.
Bush blew this one, and like the article says, I hope he can recover.