Sen. Bernie Moreno, Cleveland-Cliffs CEO tout Trump tariffs as experts warn of higher costs
cleveland.com: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, warned that President Trump’s proposed tariffs could raise costs for automakers and consumers by making imported steel 25% more expensive. He highlighted potential inflation and supply chain inefficiencies, noting tariffs disrupt free markets, creating winners and losers while increasing costs for companies like Ford, GM and Stellantis.
