Even from a protectionist perspective seeking to create domestic employment, tariffing steel and aluminum is poorly designed because 60 times as many workers are employed using those materials as produce them, so tariffs primarily harm downstream users
causalpending
Speaker
Larry SummersEvidence Quote
“there are 60, 6 0 times as many people who work in industries that use steel and aluminum as there are in the steel and aluminum industries”
Source
Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall Ferguson— University of Austin (UATX)Created: 8/11/2026, 6:52:24 AM
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