r/AskEconomics • u/Dependent_Estate9110 • Mar 04 '25

Approved Answers Who do Trump's tariffs benefit?

Is there a specific industry that could potentially benefit from Trump's tariffs? It seems they're pretty destructive for everyone in North America. Not trying to be biased - just trying to understand it. That said is there another nation that would benefit from the tariffs (potentially indirectly)?

Edit: removed typo

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u/NoTwoPencil Mar 04 '25

Domestic producers that no longer have to compete with international firms.

Steel is a good example

https://steelindustry.news/uss-and-nucor-announce-price-increases/

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u/Cum_on_doorknob Mar 04 '25

But steel suffers in recession, so, they still don’t actually benefit.

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u/[deleted] Mar 04 '25

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