But given that the measures are targeted at the beleaguered US iron and steel industry, which uses more capital than labour, they could end up costing more jobs than they save.
A study by Gary Hufbauer and Jeffrey Schott of the Peterson Institute for International Economics, a leading Washington think-tank, says that the House of Representatives' version of the bill, which focuses on iron and steel provisions, could save just 1,000 US jobs.
“The job impact is small because steel is very capital intensive,” Mr Hufbauer and Mr Schott say. “In the giant US economy, with a labour force of roughly 140m people, 1,000 jobs or less is a very small number.” The White House says that the bill overall is intended to create at least 3m jobs.
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