WASHINGTON, Feb. 11 -- All U.S. states plus the District of Columbia will see net job loss as a result of the federal government's newly imposed tariffs on imports from U.S. trading partners as well as retaliations by the affected countries, a recent study has shown.
The study, titled Estimated Impacts of Tariffs on the U.S. Economy and Workers, was compiled by Trade Partnership Worldwide, LLC, an international trade and economic consulting firm, and commissioned by Tariffs Hurt the Heartland, a pro-free trade advocacy group. It was released last Wednesday.
Total net employment decline in all U.S. states could hit 943,700, with California being hit the hardest and losing 112,900 jobs, showed the study, which drew the conclusion based on what it calls a "base scenario."
According to the study, California was trailed by Texas, Florida, New York and Illinois in the list. The numbers of laid-off workers in the four states related to the imposition of duties were projected to be 85,100, 61,000, 58,800 and 33,500, respectively.
The base scenario, as was explained in the study, "examines the impacts of all tariffs (U.S. and retaliatory) and quotas in effect or announced as of November 1, 2018."
It grouped together U.S. tariffs of 25 percent imposed on steel and aluminum imports from a wide range of U.S. trading partners, and retaliatory tariffs by the affected countries on selected U.S. goods.
It also took into account U.S. tariffs on 250 billion dollars' worth of Chinese imports and China's retaliatory tariffs on U.S. merchandise.
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