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Donald Trump has shot Uncle Sam in both kneecaps and both feet with his loser trade war.
If Donald Trump had done nothing since the inauguration the US would be in a better economic, moral, and political state than it now is.
The trade war has turned farmers into welfare recipients and rural America into a dead zone ripe for Republican zombie infestations.
Economic experts have assessed that a recession is likely.
The Orange Buffoon and his GOP ghouls have destroyed the fabric of US society and the portents have aligned to indicate a recession emerging. Trump zombie howling mob will be the first victims of recession.
Donald Trump has lost the trade war.
Tariffs on steel and aluminum might cost the U.S. 400,000 jobs — and Canada could get hit too
If Donald Trump had done nothing since the inauguration the US would be in a better economic, moral, and political state than it now is.
The trade war has turned farmers into welfare recipients and rural America into a dead zone ripe for Republican zombie infestations.
Economic experts have assessed that a recession is likely.
The Orange Buffoon and his GOP ghouls have destroyed the fabric of US society and the portents have aligned to indicate a recession emerging. Trump zombie howling mob will be the first victims of recession.
Donald Trump has lost the trade war.
Tariffs on steel and aluminum might cost the U.S. 400,000 jobs — and Canada could get hit too
Tariffs on steel and aluminum might cost the U.S. 400,000 jobs — and Canada could get hit too
BY JESSICA VOMIERO GLOBAL NEWS
Posted June 6, 2018 7:41 pm
A report released Tuesday by the Washington-based trade and economic consulting firm claims that for every steel and aluminum job saved by the Trump administration’s tariffs on imports, 16 more will be lost.
“Basically, the report finds not surprisingly that the tariffs would increase employment in the steel and the aluminum sectors, but what it shows pretty clearly is that a large number of other workers would lose jobs in the process as higher steel costs ripple through the economy,” said Laura Baughman, one of the report’s authors.
Trade Partnership Worldwide LLC released the report this week, which claims that over 400,000 jobs will be lost in other sectors of the economy due to higher prices on steel and aluminum. The industry that could be most impacted, with over 375,000 jobs lost, will be the services sector.
“Services sectors will see large employment declines. You wouldn’t expect that when you’re putting a tariff on steel and aluminum that it would have that big of an impact on services sectors but it does. People lose their jobs, so they stop spending money on services,” said Baughman. ...