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Some advocates of trade protection in the domestic market for steel argue that it is needed...

Some advocates of trade protection in the domestic market for steel argue that it is needed to protect domestic steelworkers' jobs. Why are economists usually unconvinced by this argument?

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Answer: Economists usually unconvinced by this argument because while trade protection in the steel industry might indeed protect some domestic jobs for steelworkers but it will put many other jobs at risk. For example, a producer of auto mobile company might need steel as a critical input for production. When the steel industry is protected with an import quota, then the domestic price of steel goes up. This increases the costs for both the auto parts producer and the construction company. Which result increase in costs leading to force those firms to lay off workers. So protection of domestic steelworkers jobs will indeed come at the cost of domestic workers in other industries. And thats why economist are uncovienced by this argument.

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