Tariffs are ‘lose-lose’ for U.S. jobs and industry, economist says: ‘There are no winners here’

Key Points

President Donald Trump has pursued an economic agenda of broad tariffs on U.S. trading partners, including Canada, China and Mexico.
Tariffs aim to protect targeted domestic industries.
They end up costing U.S. jobs on a net basis, after accounting for retaliation and higher production costs for many businesses, economists said.

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