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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWay to go don, tariffs will eliminate 930,000 jobs & cost family of 4 nearly $800 a year
Per CNN
Edited to Add:
Trump trade policies threaten 2.6 million US jobs, Chamber of Commerce says
President Trump's strict stance on trade could put 2.6 million American jobs at risk, the head of the Chamber of Commerce says.
Tom Donohue, president and CEO of the business organization, issued the forecast in a memo to the board of directors Thursday that was obtained by CNNMoney.
The memo, citing outside studies, adds the possible job losses from tariffs both threatened and enacted by the administration, plus a possible US withdrawal from NAFTA, the trade agreement with Canada and Mexico.
A NAFTA withdrawal would kill as many as 1.8 million American jobs in the first year, the memo warned.
Tom Donohue, president and CEO of the business organization, issued the forecast in a memo to the board of directors Thursday that was obtained by CNNMoney.
The memo, citing outside studies, adds the possible job losses from tariffs both threatened and enacted by the administration, plus a possible US withdrawal from NAFTA, the trade agreement with Canada and Mexico.
A NAFTA withdrawal would kill as many as 1.8 million American jobs in the first year, the memo warned.
https://money.cnn.com/2018/05/31/news/chamber-of-commerce-trade-jobs/index.html
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Way to go don, tariffs will eliminate 930,000 jobs & cost family of 4 nearly $800 a year (Original Post)
spanone
May 2019
OP
jberryhill
(62,444 posts)1. That is the point
People think Trump is attempting to take a wrecking ball to the US economy because he is inept or stupid.
Granted, he is inept and stupid, but screwing up the US as much as possible in as short a time as possible is the entire reason Putin wanted him elected in the first place.
Iliyah
(25,111 posts)3. Agreed, but he is not doing it alone . .
Republican party is helping as well.
Plus, stores are closing at an alarming rate before t-rump 5/10/2019. Remember he has been destroying the economy since day one.
no_hypocrisy
(46,331 posts)2. It's a 25% federal sales tax on top of state sales tax.
BigmanPigman
(51,675 posts)4. That's where the $800 is coming from?