Over 146,000 Americans Will Lose Their Jobs Because Of Trumps Trade Tariffs

[DGS49]

Its's quite foolish to "analyze" government policies on the basis of what some economist thinks will happen in the future. Economists are even better than meteorologists at covering their asses when their predictions don't come true.

The great, Nobel-laureated economist Paul Krugman predicted a big market sell-off if Trump were elected. And yet the markets took off the moment the results were in.

And yet some people still read his columns as though he has something worthwhile to say.

It is a puzzlement.

 

[Rambunctious]

Actually....I heard over a million will be lost cause trump is a POS....

 

[Rambunctious]

He is waiting for China to approve some branding deals....what a POS....

 

[shockedcanadian]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

As opposed to the 3 million jobs shipped to China?

Sorry, but this is fake news. These countries need a consumption economy to sell their shyte. They will have to accept less profits, or make nothing. Better to make a fast nickel than a slow dime.

Now if America had a massive trade surplus, I might agree. Under the current circumstances with so many jobs outsourced and a massive trade deficit, it's clear other nations have to return some of the subsidies that America has given them in the past, or they can hurt themselves.

 

[MarathonMike]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

Actually....I heard over a million will be lost cause trump is a POS....

Really? I heard it was over a billion!!! And China and Russia are going to plant their flags at the Capitol and take down ours and Trumps gonna let them!

 

[JimH52]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

As opposed to the 3 million jobs shipped to China?

Sorry, but this is fake news. These countries need a consumption economy to sell their shyte. They will have to accept less profits, or make nothing. Better to make a fake nickel than a slow dime.

Now if America had a massive trade surplus, I might agree. Under the current circumstances with so many jobs outsourced and a massive trade deficit, it's clear other nations have to return some of the subsidies that America has given them in the past, or they can hurt themselves.

The orange clown has started a trade war, Be prepared to pay more for EVERYTHING!

 

[deanrd]

If true, Republicans will call that a job well done.

Or, they will blame it on Obama.

 

[skews13]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

Actually....I heard over a million will be lost cause trump is a POS....

I've heard similar, and believe that would be total numbers including tariffs on China, but I can only attest to the numbers offered in the article related to steel and aluminum tariffs on Canada and Mexico.

Interestingly enough, the tariffs against our allies Canada, Mexico, and the EU go into effect tonight at midnight.

However......................China, who isn't our ally gets to wait until next month or mid July.

Why is that?

Trump Moves Ahead With Trade Sanctions Against China

In what appears to be an effort to ratchet up pressure on China to make greater concessions in ongoing trade negotiations, the Trump administration announced today it was moving forward with tariffs and other trade restrictions associated with U.S. claims of intellectual property theft by Chinese enterprises. But the actions will not be implemented until mid-June or early July. The New York Times describes this statement as a gesture designed to ensure that Beijing does not misunderstand recent conciliatory remarks from Washington as indicating any change of heart on the underlying issues:

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

Actually....I heard over a million will be lost cause trump is a POS....

I've heard similar, and believe that would be total numbers including tariffs on China, but I can only attest to the numbers offered in the article related to steel and aluminum tariffs on Canada and Mexico.

Interestingly enough, the tariffs against our allies Canada, Mexico, and the EU go into effect tonight at midnight.

However......................China, who isn't our ally gets to wait until next month or mid July.

Why is that?

Trump Moves Ahead With Trade Sanctions Against China

In what appears to be an effort to ratchet up pressure on China to make greater concessions in ongoing trade negotiations, the Trump administration announced today it was moving forward with tariffs and other trade restrictions associated with U.S. claims of intellectual property theft by Chinese enterprises. But the actions will not be implemented until mid-June or early July. The New York Times describes this statement as a gesture designed to ensure that Beijing does not misunderstand recent conciliatory remarks from Washington as indicating any change of heart on the underlying issues:

That would be the $500 million investment in one of his properties, and the 13 trademarks granted to Ivanka, who's ,line of cheap crap made there will not be part of the sanctions.

Of course that's just speculation.

 

[skews13]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

And 1 million will see a wage increase..i thought you wanted things more expensive then the cheap China crap from walmart?:

They will? And of course you can link to that fact with some evidence of that right?

 

[Wyatt earp]

Donald Tr

ump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

And 1 million will see a wage increase..i thought you wanted things more expensive then the cheap China crap from walmart?:

They will? And of course you can link to that fact with some evidence of that right?

Logic escapes you?

 

[dudmuck]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

The point being, I suppose, that the US steel industry will suddenly begin employing a $hitload more people than it does now?

President Trump's steel and aluminum tariffs: Winners and losers
One estimate, from consulting firm Trade Partnership, forecast about 179,000 U.S. jobs lost versus 33,000 created as a result of the metal tariffs.
So ultimately 146,000 jobs lost.

Yes, I see it.

I cannot help but point out, however, that these are all speculative, and only short-term knee-jerk reactions rather than long-term outcomes.

We have a very good understanding of the impacts of tariffs, because of analysis of past tariffs.
Such as Obama's tire tariff cost $926k per job saved, and led to 3 retail jobs lost for every 1 factory job saved.

 

[Kondor3]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

The point being, I suppose, that the US steel industry will suddenly begin employing a $hitload more people than it does now?

President Trump's steel and aluminum tariffs: Winners and losers
One estimate, from consulting firm Trade Partnership, forecast about 179,000 U.S. jobs lost versus 33,000 created as a result of the metal tariffs.
So ultimately 146,000 jobs lost.

Yes, I see it.

I cannot help but point out, however, that these are all speculative, and only short-term knee-jerk reactions rather than long-term outcomes.

We have a very good understanding of the impacts of tariffs, because of analysis of past tariffs.
Such as Obama's tire tariff cost $926k per job saved, and led to 3 retail jobs lost for every 1 factory job saved.

Then if the restoration of a profound and substantive American manufacturing capability is going to send shock waves through the economy and prove painful during the early-to-middle going, then let's get started; the sooner we "take the pain" and put it behind us, the sooner we achieve our goal of restoring self-sufficiency.

We are paying for past stupidity; even if it means resorting to draconian measures.

Let's get started.

 

[Google]

OMG I heard a billion jobs would be lost. I heard Trump getting elected was going to cause white supremacists to take to the streets and and bring back Jim Crow Laws, and WWIII would soon happen, and that the economy was going to crash, and the sky is going to fall from the sky!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Brain357]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

Yes we lost a lot of jobs with our last steel tariffs. Tariffs have never worked in their very long history.

 

[ABikerSailor]

You know, I'm still wondering why our allies (Canada, Mexico, EU), are having tariffs imposed on them right now, while China won't experience them for another month or two.

 

[bripat9643]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

The unemployment rate is 3.8%, dumbass.

 

[ABikerSailor]

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.

Tariffs might protect some jobs in the US steel industry, but far fewer than the number of jobs that will be lost. That’s because steel manufacturers in the US employ far fewer people than industries that make things out of imported steel, like automakers. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March. Four and a half million work in jobs that depend on metal.

Over 146,000 Americans will lose their jobs to Trump's trade tariffs

The unemployment rate is 3.8%, dumbass.

Right now it is. Get back to us in a month or two after the tariffs have had time to take effect. They just went into effect at midnight, 31 May 2018.