Yup - he duped you Deplorables: Trump’s tariffs hurt U.S. jobs

[RoryN]

Trump’s Tariffs Hurt U.S. Jobs but Swayed American Voters, Study Says

The sweeping tariffs that former President Donald J. Trump imposed on China and other American trading partners were simultaneously a political success and an economic failure, a new study suggests. That’s because the levies won over voters for the Republican Party even though they did not bring back jobs.

The nonpartisan working paper examines monthly data on U.S. employment by industry to find that the tariffs that Mr. Trump placed on foreign metals, washing machines and an array of goods from China starting in 2018 neither raised nor lowered the overall number of jobs in the affected industries.

But the tariffs did incite other countries to impose their own retaliatory tariffs on American products, making them more expensive to sell overseas, and those levies had a negative effect on American jobs, the paper finds. That was particularly true in agriculture: Farmers who exported soybeans, cotton and sorghum to China were hit by Beijing’s decision to raise tariffs on those products to as much as 25 percent.

https://dnyuz.com/2024/02/02/trumps-tariffs-hurt-u-s-jobs-but-swayed-american-voters-study-says/

 

[Bray123]

Most MAGATs are on welfare anyway so other people losing jobs didn't worry them. As long as some 'Libs Were Owned' they were content.

 

[Lazaran]

SUCKERRRRRRS

 

[UltraChad]

LOL.....the partisan hacks are claiming "ORANGE MAN BAD!!"

But not as bad as you fucking losers and the dog shit policies you all support.

 

[MajorRewrite]

Trump’s Tariffs Hurt U.S. Jobs but Swayed American Voters, Study Says

The sweeping tariffs that former President Donald J. Trump imposed on China and other American trading partners were simultaneously a political success and an economic failure, a new study suggests. That’s because the levies won over voters for the Republican Party even though they did not bring back jobs.

The nonpartisan working paper examines monthly data on U.S. employment by industry to find that the tariffs that Mr. Trump placed on foreign metals, washing machines and an array of goods from China starting in 2018 neither raised nor lowered the overall number of jobs in the affected industries.

But the tariffs did incite other countries to impose their own retaliatory tariffs on American products, making them more expensive to sell overseas, and those levies had a negative effect on American jobs, the paper finds. That was particularly true in agriculture: Farmers who exported soybeans, cotton and sorghum to China were hit by Beijing’s decision to raise tariffs on those products to as much as 25 percent.

https://dnyuz.com/2024/02/02/trumps-tariffs-hurt-u-s-jobs-but-swayed-american-voters-study-says/

A very relevant study considering Trump’s plans for more tariffs. Nobody wins a trade war.

I’m glad someone brought attention to the study by reviving a year-old thread.

 

[HumpDayHoratio]

 

[MajorRewrite]

Yes, let’s all keep bumping this thread so everyone sees the excellent study in the OP.

The MAGAs are being so helpful this morning.

 

[MajorRewrite]

Trump says McKinley’s tariff increases in 1890 created prosperity in the US. This is disinformation.

In 1890, tariff hikes raised the average duties on foreign imports from 38% to nearly 50%. McKinley, a representative for Ohio at the time, pushed for the taxes to protect his state's steelworkers from foreign competition, according to Dartmouth College economics professor Doug Irwin.

"The U.S. went into a depression in 1893, and we didn't really emerge out of it until the mid-1890s. So in general the 1890s was not a great decade for the U.S. economy," Irwin said.

Additionally, McKinley's tariff bill raised prices of goods like shoes and clothes, leading to voter backlash that cost Republicans 93 seats in the next election, according to the House of Representatives Office of the Historian.

A fact check of the history of tariffs

 

[MajorRewrite]

Trump’s tariff threats lead to trade agreement between Europe and Mexico. Unintended consequences.

Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs

The new Global Trade Agreement between Mexico and the 27-nation bloc would reduce Mexican tariffs of agri-food imports from Europe, remove a number of barriers that would allow European companies to more easily invest in Mexico and boost Mexican exports of raw materials like fluorspar (used in electronics) as well as antimony, copper, zinc and lead.

“We have entered a new era in our strategic partnership with Mexico today. Our upgraded agreement shows the E.U. and Mexico united for freer trade and an open global economy," said Kaja Kallas, vice president of the European Commission, in a statement.

 

[UltraChad]

Trump’s tariff threats lead to trade agreement between Europe and Mexico. Unintended consequences.

Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs

Yea...send the Cartels to Europe.

 

[ll74]

Lol

 

[Lazaran]

Trump’s tariff threats lead to trade agreement between Europe and Mexico. Unintended consequences.

Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs

And DonOld’s original tariffs created the conditions for much stronger ties between China, Russia, Iran, Brazil, India, etc in opposition to the U.S.

We see the results of those strengthened ties everyday.

And now this latest news…



JFC

SAD!!!