President Donald Trump could be on to something with the border wall.
Last March, President Trump imposed a 25% tariff on foreign steel which led to more jobs, specifically 11,700 more jobs in the industry.
“Our steel industry is now thriving and getting better every single day and it’s jobs, and it’s that money pouring into our coffers. It’s beautiful,” said Trump.
He now plans to build the border wall out of steel instead of concrete which would spark a massive growth in the steel industry and provide many valuable construction and labor jobs.
“It just shows how fragile things are. If we don’t have recession this year, the odds are high that we’ll have one in the next few years.,”said Mark Zandi, chief economist at Moody’s Analytics
In the event of a recession, the construction of the border wall could act as a stimulus.
Michael Fenn who is described as the “infrastructure guru” said, “Spent money on infrastructure generates, in addition to economic benefits like short-term employment and things of that kind in construction, … positive net flow to the government,”
Aside from the benefits of building the wall, there would be upside with the finished product. President Trump believed the wall would act as a deterrent for drugs, terrorism, and illegal immigrants.
It is difficult to estimate how many jobs building the border wall would create because there isn’t a solid consensus as to the cost, material, or length of time it would take to build the wall. Michael Montgomery, a consultant who estimates economic impact of large projects said the wall would most likely create anywhere from 21,200 to 25,600 new jobs during its construction.
“A nation ‘without borders’ is not a nation at all. We must have a wall. The rule of law matters.”
-President Donald J. Trump