Government is unteachable: US Slaps duties on steel pipe from China. The only winner is inefficiency here. Manufacturers and consumers pay more, but for US Steel Corp and its fascist labor union, who can persist in overcharging and delaying cost cutting. Increasingly, the U.S. economy lives in a protected bubble, ever less tested by competition and ever less responsive to consumer choice.
Source link: http://archive.mises.org/11740/trade-barriers-the-next-step-to-entrench-recession/