"Overall, 126,900 workers gain jobs as a result of the tariffs; however, 1,061,400 lose jobs -- more than eight for every job gained," the study said, adding that the tariffs would cost the U.S. economy 490,900 dollars for every job gained.
"Our hope is that the administration understands they are playing with fire," said Charles Boustany, the group's spokesman and a former congressman. "It's time for the administration to take tariff increases off the table for good, end the threat of new tariffs and finally bring an end to the crippling tariffs we are facing right now."
The study also calculated a worst-case scenario, which added to the base scenario 25 percent tariffs on all the remaining goods the United States imports from China, plus expected retaliation from China.
In that case, the study said, the tariffs would reduce the U.S. gross domestic product by 1 percent a year, cost a family of four 2,300 dollars a year and produce a net loss of 2.1 million U.S. jobs.
In Minnesota, which according to the study might lose 16,100 jobs in the base scenario, "soybean farmers who depend on sales to China are suffering from a double whammy of natural and man-made problems," the state's largest newspaper, Star Tribune, reported.
"Bad weather and oversupply had driven down prices before the tariffs hit. Minnesota soybean sales to China dipped to near zero in November 2018," the report said.
【国际英语资讯:All U.S. states will see net job loss due to announced tariffs: study】相关文章:
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2020-09-15
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