ABC News cited CEI's Fellow Ryan Young on the steel industry job market.
Despite the deal with Canada and Mexico, the trade war with China shows no sign of letting up. Meanwhile imported steel now costs 25 percent more, in turn raising domestic steel prices, passing costs on to manufacturers.
Saving 33,000 steel-industry jobs costs the economy 179,000 jobs, a net loss of 146,000, Ryan Young, a fellow in regulatory studies at the Competitive Enterprise Institute, told ABC News.
"Basically," Young added, "the few are benefiting at the expense of the many."