Home | News |

Professor Katheryn Russ assesses the labor market impacts of proposed US steel tariffs

In a recent analysis published on Econofact, Professor Katheryn Russ and coauthor Lydia Cox of Harvard gauge the potential economic effects of new US tariffs on steel imports. They caution that—if the domestic price of steel rises in response to increased import duties—job gains within the US steel industry may be muted by technological innovations that have enabled steel manufacturers to scale up production even as they roll back their workforces. At the same time, Russ and Cox emphasize the potential for job losses within US steel-using industries, as companies that manufacture auto parts, refrigerators, and other steel-intensive products may cut back employment in response to higher input prices.

Their analysis has been cited by The New York Times.