This policy brief examines the potential net impacts on U.S. jobs across all industries from the imposition of 25 percent tariffs on U.S. imports of motor vehicles and parts. We find that the tariffs would result in a net loss of 157,000 U.S. jobs, or about three jobs lost for every job gained in the motor vehicle and parts sector. Also, tariffs would add about $6,400 to the price of an imported $30,000 car.
This study estimates the economic impact of the proposed U.S. tariffs and China’s proposed retaliation in three different scenarios. In the scenario we find most probable where the U.S. imposes tariffs on $50 billion in imports plus Chinese retaliation of $50 billion of U.S. goods exported to China, U.S. workers suffer significant net negative impacts, particularly in the short-term. Specifically, nearly 134,000 workers would lose jobs, most of whom are less-skilled.
This study examines the impact of President Trump’s proposed tariffs on imports from China for four product categories: televisions, monitors. batteries, and printer cartridges. Our model accounts for shifts that would occur from China to other sources of supply. We find price increases for all four categories overall, with consumer losses far outstripping U.S. producer gains.
The Trade Partnership prepared state and congressional district one pagers for the Coalition of Services Industries. Key highlights include the growing importance of services exports to the world and the jobs supported by services exports to key trading partners. All of the reports rely on data from our CDxjobs and CDxports databases. Click here to download copies of the report.
For a new report published by the US-China Business Council, The Trade Partnership produced state-by-state one-pagers highlighting the growing importance of exports to China for all 50 states . The reports utilize goods and services export data from our CDxports database. Click here to download copies of the report.
New state reports prepared for the Business Roundtable demonstrate the beneficial economic relationship between the United States and its NAFTA trade partners. For each state, the reports highlight jobs supported by trade with Canada and Mexico, trade in goods and services export trends, and key state sectors exporting to NAFTA partners. Copies of the report can be downloaded below or at the Business Roundtable’s website.
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 36 million U.S. jobs in 2016. This means that nearly one in every five U.S. jobs is linked to trade. Nearly 2.5 times as many jobs were supported by trade in 2016 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 policy brief updates The Trade Partnership’s March 5 policy brief to examine the potential net impacts on U.S. jobs across all industries of retaliation threatened by U.S. trading partners in response to the imposition of U.S. steel and aluminum tariffs. We find that the tariffs would result in a net loss of nearly 470,000 U.S. jobs after accounting for positive impacts on U.S. steel and aluminum producers. Overall, more than 18 jobs would be lost for every one gained.
Click here to see the original report on impacts of tariffs alone.
This policy brief examines the potential net impacts on U.S. jobs across all industries of proposed steel and aluminum tariffs applied to targeted steel and aluminum imports from all countries. We find that the tariffs would result in a net loss of 146,000 U.S. jobs after accounting for positive impacts on U.S. steel and aluminum producers. Overall, more than five jobs would be lost for every one gained.
Click here to see the updated report on impacts including retaliation.
How U.S. State Economies Benefit from International Trade and Investment: The Trade Partnership examined the impacts of exports, imports, and foreign investment at the state level. Each state study examines the roles that trade plays in the lives of state manufacturers, farmers, and families. Prepared for the Business Roundtable.
