Indiana economists weigh in on winners, losers in Trump steel tariffs

Author: WFYI Indianapolis

Finance professor Jeffrey Bergstrand was among a group of Indiana business and economic professors interviewed for a story on the consequences of the new steel tariffs. Read the full story here

Bergstrand

First and foremost, says Jeffrey Bergstrand, a professor at the University of Notre Dame’s Mendoza College of Business, the new steel tariff is big, increasing steel costs 700 percent.

“Average U.S. tariffs are about 3 percent on average for our country and major industrialized countries,” says Bergstrand. “So you go to 25 percent, you’re increasing it eight-fold. That’s enormous.”