Goldman Sachs: Tariffs will reduce U.S. jobs
This article is machine translated
Show original
Planet Daily News: One of the many established goals of the Trump administration's tariff system is to increase employment in U.S. manufacturing. Goldman Sachs economists wrote that this is a reasonable outcome, but they concluded that this growth might be overshadowed by employment declines in other industries. Goldman Sachs reviewed previous academic research. Most researchers found that for every 10 percentage point increase in tariff rates, employment in protected industries would increase by 0.2% to 0.4%. However, other industries were harmed. Goldman Sachs wrote that in terms of the U.S. economic scale, the impact "means tariff protection increased manufacturing employment by nearly 100,000 people, but cost pressures on downstream employment dragged down about 500,000 jobs". (Jintian)
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content