Recent press reports suggest the United States could reinstate Section 232 tariffs on imports of aluminum from Canada, which in turn could lead to new retaliatory tariffs. A new policy brief from The Trade Partnership examines the impact of the last retaliatory tariffs on U.S. exports to Canada, both their imposition and removal. It finds that while U.S. exports fell immediately in response to new tariffs, exports did not bounce back after tariffs were removed. The Trump administration should expect similar export damage – from which exports may not recover – if it reimposes U.S. Section 232 tariffs on Canada.
The Trade Partnership released a short report with facts and figures about leading congressional district goods and services exports, trends, jobs supported by exports, top district exporters of specific sectors, and introducing the newest dataset: monthly congressional district exports for goods.
For example, the typical congressional district exported about $2.8 billion in goods and $1.2 billion in services in 2018. About 30 districts exported at least $10 billion in combined goods and services in 2018.
Click below to download a copy of the report.
In a new report prepared for The Consumer Technology Association, The Trade Partnership estimated the impacts of proposed tariffs on specific imports from China, including: cell phones. laptops, tablets, video game consoles, and toy drones. The results demonstrate that, even accounting for alternative sources of supply, the proposed tariffs would have substantial negative impact on American consumers, such as an increase in the price of laptops and tablets by 19.1%.
This report, prepared for the National Retail Federation, estimates the impacts of proposed tariffs on imports from China, including: apparel, footwear, toys, household appliances, furniture, travel goods, and televisions. We find consumers would pay $4.4 billion more for apparel, $2.5 billion more for footwear, $3.7 billion more for toys, and $1.6 billion more for household appliances. The rise in tariffs to 25 percent forces purchasers of furniture to pay $4.6 billion more, and of travel goods, $1.2 billion more.
Trade Partnership Worldwide, LLC, updated its periodic estimate of the number of U.S. jobs that depend on trade. We found that U.S. exports and imports of goods and services supported 39 million U.S. jobs in 2017. This means that one in every five U.S. jobs is linked to trade. Nearly 2.7 times as many jobs were supported by trade in 2017 as in 1992 – before the accelerated wave of trade liberalization that began with the implementation of the North American Free Trade Agreement in 1994 – when our earlier research found that trade supported 14.5 million jobs, or one in every ten U.S. jobs. Prepared for the Business Roundtable.
This study estimates the impacts of the U.S. foreign-trade zone program on employment, wage and value added growth in the local economic communities in which they operate. It finds that the FTZ program has contributed to increased growth in those variables in communities with an FTZ, relative to communities without an FTZ.
This study, prepared for Tariffs Hurt the Heartland, estimates the economic effects on the U.S. economy and U.S. jobs of U.S. tariffs and quotas on steel, aluminum and selected products from China, and retaliation by U.S. trading partners. The study investigates comprehensive impacts of actual and threatened tariffs on the U.S. economy and U.S. workers one to three years after they have been in effect. Key findings include significant reduction in U.S. GDP and the net loss of millions of U.S. jobs. The study breaks job impact estimates down by state for two of the four tariff scenarios examined.
This policy brief updates The Trade Partnership’s March 13 policy brief on the potential net U.S. job impacts of tariffs, quotas, and retaliation by U.S. trading partners, in response to Section 232 steel and aluminum tariffs. It reflects changes to the country exemption list announced May 31. We find the tariffs would result in a net loss of over 400,000 jobs after accounting for positive impacts on U.S. steel and aluminum producers. Overall, sixteen jobs would be lost for every steel/aluminum job gained.
Click here to see the March 13 report.
The Trade Partnership prepared a report on US tech exports and imports for the Computing Technology Industry Association (CompTIA) that highlights state exports of tech products and services, trade with China and NAFTA, and foreign direct investment in the U.S. tech sector. State level figures were derived from our unique CDxports and CDxjobs databases.
Click here to read the report.
