Coming Clean on Washing Machine Tariffs

Jim Tankersley had a piece in the NYT yesterday on the cost per job saved of Trump's tariffs on Chinese washing machines. According to the study, the cost per job saved was $817,000. While that is a steep tab, there are a few points that should be added to this sort of analysis.

First, if the point of the tariffs is to benefit workers, part of this $817,000 cost is going to higher pay to workers who would have jobs with or without the tariff. The study doesn't look at the impact on wages of w...