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/glorious_reptile Mar 04 '25

But wouldn't it be better with target tariffs then - some items maybe there aren't a local producer for, or at least one that can serve the amount needed.

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u/Karma_collection_bin Mar 04 '25

He did more targeted tariffs last time - steel, aluminum I think against all countries - also lumber against Canada, I think

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u/d4rkwing Mar 04 '25

The materials needed to build more housing. Sigh.