Jeff Ferry: I agree that there is always a danger of special interests taking over government policy on an industry. But consider this: In 2018, we had steel tariffs imposed, and steel prices rose briefly. But later in 2018, steel prices began to fall and in 2019 they were below the pre-tariff levels. What happened was that American steel companies invested and began building new steel mills and became more aggressive to win the steel business in the U.S. So prices fell because you had more competition. You had more investments, and that meant more jobs, well-paid six-figure income jobs in many cases.

Read the article.