“There is absolutely no evidence that the imposition of tariffs in the aluminum (or steel) industries have had the kinds of negative employment impacts — in downstream manufacturing or other parts of the economy — that were predicted by critics of the aluminum tariff,” writes Robert E. Scott, senior economist and director of trade and manufacturing policy research for the Economic Policy Institute. 

The Washington, D.C., think tank is focused on economic policy as it relates to low- and middle-income earners. The paper is focused on the aluminum side of the tariff debate, but speaks to the impact of the tariff on both the steel and aluminum industries. 

“The estimates of the jobs lost and the economic harm done by the steel and aluminum tariffs have been wildly overblown,” Scott said. “In fact, the tariffs have shown to be a net-positive to the economy. In the next few years, we should see thousands of jobs created and billions of dollars in aluminum production, due to the Section 232 tariffs.”  

You can find the full paper here. CNBC also has coverage here.