Via Dan Drezner, we learn that protectionism has returned to the steel industry. This should surprise no one; remember that in the Bush Administration’s first term, the steel industry sought–and got–tariffs placed on imported steel that it swore would only be necessary for a short while until the industry was able to recover from tough times. The industry asked the Administration to forget that it habitually sought tariffs for over 30 years prior to its request and the Administration readily agreed. And now, despite the industry’s promises that it would not have to ask for any more favors from the U.S. government, here we are, with the industry asking for the most blatant form of protectionism possible.
You’d almost think that we were talking about candlemakers here.