Economics
Trump’s China Tariffs Risk Costing U.S. Jobs, Study Says
- Agriculture sector seen hardest hit by Chinese retaliation
- Review sought by trade groups lobbying against proposed duties
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President Donald Trump says his trade actions may cause "a little pain” in the short term, and a new study shows U.S. agricultural workers could be hurt the most.
The tariffs on $50 billion in Chinese imports that Trump has proposed, plus promised retaliatory duties by China, would reduce U.S. gross domestic product by $2.9 billion and cost almost 134,000 U.S. jobs, according to a commissioned by the Consumer Technology Association and the National Retail Federation, which oppose the tariffs. That includes more than 67,000 jobs in agriculture.