Fed economists say tariffs more likely to kill than create jobs

FEDERAL RESERVE BANK of New York researchers said that tariffs on steel and aluminum are more likely to reduce U.S. jobs than create them. / BLOOMBERG FILE PHOTO/DANIEL ACKER
FEDERAL RESERVE BANK of New York researchers said that tariffs on steel and aluminum are more likely to reduce U.S. jobs than create them. / BLOOMBERG FILE PHOTO/DANIEL ACKER
NEW YORK - United States President Donald Trump may hope his tariffs on imported steel and aluminum will create new jobs, or at least protect existing ones. Researchers at the Federal Reserve Bank of New York said the opposite outcome was more likely. “The new tariffs are likely to lead to a net loss in…

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