New Tarrif on imported steel and aluminum will effect jobs

Washington, March 07: US President Donald Trump's new tariffs on imported steel and aluminum would cost the US nearly 146,000 jobs, according to a latest research by the Trade Partnership, a Washington-based consulting firm.

Trump announced March 1 that the United States planned to impose 25 percent of tariff on steel imports and 10 percent for aluminum, as these imports threaten the US national security.

"The tariffs would increase US iron and steel employment and non-ferrous metals (primarily aluminum) employment by 33,464 jobs, but cost 179,334 jobs throughout the rest of the economy, for a net loss of nearly 146,000 jobs," said the research.