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

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.



Source

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