August 19, 2018

Sunday Off-Topic (Moderated) Open Thread (081918)

Filed under: Lucid Links — Tom @ 5:55 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

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2 Comments

  1. Study: 20X as Many U.S. Jobs Created from Trump Tariffs than Jobs Lost

    https://www.breitbart.com/big-government/2018/08/17/study-20x-as-many-u-s-jobs-created-from-trump-tariffs-than-jobs-lost/

    Research by a Coalition for a Prosperous America (CPA) finds that the number of U.S. jobs gained because of Trump’s tariffs on imported steel, aluminum, solar panels, and washing machines exceeds the number of U.S. job losses because of the tariffs by a staggering 20-to-1 ratio.

    As Breitbart News reported, the CPA research has found that over the last six months, there have been about 11,100 U.S. jobs created due to Trump’s protective tariffs. On the other hand, there have been about 514 job losses directly tied to the tariffs…

    …Since 2001, free trade with China has cost millions of Americans their jobs. Between 2001 and 2015, about 3.4 million U.S. jobs were lost due to the country’s trade deficit with China, as Breitbart News reported.

    Of the 3.4 million U.S. jobs lost in that time period, about 2.6 million were lost in the crippled manufacturing industry, making up about three-fourths of the loss of jobs from the U.S.-Chinese trade deficit.

    Comment by dscott — August 19, 2018 @ 1:27 pm

  2. Not a good look.

    Trump’s tariff moves could be net beneficial, but it’s hard to prove. Decisions to keep or hire people are made at the margins, and tariffs are just one factor in a very complex equation. The point is that the 20-1 ratio is nonsense when the benefits are visible and the downsides are mostly invisible.

    Comment by Tom — August 19, 2018 @ 4:51 pm

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