"Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved"
About this Quote
The subtext is a critique of political optics. Tariffs are sold as muscular patriotism and worker solidarity, but Sowell frames them as a targeted benefit with diffuse costs. Steel is not just a product; it’s an ingredient. When you raise the price of an input, you quietly tax every downstream industry that uses it - autos, appliances, construction equipment - and you make American finished goods less competitive abroad. That’s why he emphasizes “around the world”: protection doesn’t happen in a vacuum, it happens inside export markets and supply chains that punish higher costs.
Context matters here because Sowell is speaking from the long-running American argument over industrial policy, especially the periodic steel tariff fights where the beneficiaries are visible and organized while the losers are scattered and harder to count. His punch is the asymmetry: the jobs “saved” are legible and politically profitable; the jobs lost are larger, downstream, and conveniently invisible until the damage has already been rebranded as some other problem.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Sowell, Thomas. (2026, January 15). Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved. FixQuotes. https://fixquotes.com/quotes/tariffs-that-save-jobs-in-the-steel-industry-mean-83499/
Chicago Style
Sowell, Thomas. "Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/tariffs-that-save-jobs-in-the-steel-industry-mean-83499/.
MLA Style (9th ed.)
"Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/tariffs-that-save-jobs-in-the-steel-industry-mean-83499/. Accessed 12 Feb. 2026.