New China tariffs will cost estimated 94,000 jobs

By Sean Higgins

Published September 18, 2018 3:32pm ET

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New China tariffs will cost estimated 94,000 jobs — Dockworkers discuss the placement of a 40-foot shipping container onto a ship at the Port of Savannah in Savannah, Ga. China has promised retaliation if Washington goes ahead with more tariff hikes, raising the risk Beijing might target operations of American companies if it runs out of imports for penalties. | (AP Photo/Stephen B. Morton)

President Trump’s tariffs on Chinese imports will result in the loss of more than 94,000 jobs, according to a new estimate from the nonpartisan Tax Foundation that incorporates the latest round of of tariffs hitting $200 billion worth of Chinese goods announced Monday.

The analysis also finds that the tariffs will modestly shrink the economy and reduce wages. Altogether, the levies could hurt the economy more than the GOP-passed tax cuts aided it, the Tax Foundation concludes.

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China Jobs Labor Tariffs Taxes Trade Unemployment