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Hot Topic (More than 10 Replies) Trump’s trade war has killed 300,000 jobs (Read 123 times)
Ulysses
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Trump’s trade war has killed 300,000 jobs
Sep 12th, 2019 at 4:22pm
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Trump’s trade war has killed 300,000 jobs

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President Trump says he is “winning big time, against China.” But his trade war is causing measurable damage to the U.S. economy, with the pain likely to worsen.

Forecasting firm Moody’s Analytics estimates that Trump’s trade war with China has already reduced U.S. employment by 300,000 jobs, compared with likely employment levels absent the trade war. That’s a combination of jobs eliminated by firms struggling with tariffs and other elements of the trade war, and jobs that would have been created but haven’t because of reduced economic activity.

The firm’s chief economist, Mark Zandi, told Yahoo Finance that the job toll from the trade war will hit about 450,000 by the end of the year, if there’s no change in policy. By the end of 2020, the trade war will have killed 900,000 jobs, on its current course. The hardest-hit sectors are manufacturing, warehousing, distribution and retail.

Other data back up the Moody’s Analytics numbers. Employers have created 1.3 million jobs so far this year, down from 1.9 million during the same period in 2018. The manufacturing sector has actually contracted, with many producers struggling with higher prices caused by Trump’s tariffs. Business investment is growing by the smallest amount since late 2016.


If you're not tired of all of Donny's losing, you need your head examined.
  

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stu_gatze
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Re: Trump’s trade war has killed 300,000 jobs
Reply #1 - Sep 12th, 2019 at 8:12pm
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Ulysses wrote on Sep 12th, 2019 at 4:22pm:
Trump’s trade war has killed 300,000 jobs

If you're not tired of all of Donny's losing, you need your head examined.

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Phillip3
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Re: Trump’s trade war has killed 300,000 jobs
Reply #2 - Sep 12th, 2019 at 8:14pm
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Trade wars are easy. Don’t worry.
  
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Ulysses
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Re: Trump’s trade war has killed 300,000 jobs
Reply #3 - Sep 12th, 2019 at 8:36pm
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stu_gatze wrote on Sep 12th, 2019 at 8:12pm:
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petep
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Re: Trump’s trade war has killed 300,000 jobs
Reply #4 - Sep 12th, 2019 at 8:39pm
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Ulysses wrote on Sep 12th, 2019 at 8:36pm:
So now we've heard from the LNF member who is most in need of mental health care.

It's a start!



fair and balanced report:

https://www.factcheck.org/2019/07/trumps-numbers-july-2019-update/

see the jobs numbers...

ulysses - you owe us all a link on your other thread...
  
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stu_gatze
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Re: Trump’s trade war has killed 300,000 jobs
Reply #5 - Sep 12th, 2019 at 8:45pm
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Ulysses wrote on Sep 12th, 2019 at 8:36pm:
So now we've heard from the LNF member who is most in need of mental health care.

It's a start!


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Useless .. and his BOGUS claims!

''Trump’s trade war has killed 300,000 jobs''

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Ulysses
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Re: Trump’s trade war has killed 300,000 jobs
Reply #6 - Sep 12th, 2019 at 8:50pm
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petep wrote on Sep 12th, 2019 at 8:39pm:
fair and balanced report:

https://www.factcheck.org/2019/07/trumps-numbers-july-2019-update/

see the jobs numbers...

ulysses - you owe us all a link on your other thread...


What other thread?

  

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Ulysses
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Re: Trump’s trade war has killed 300,000 jobs
Reply #7 - Sep 12th, 2019 at 8:52pm
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stu_gatze wrote on Sep 12th, 2019 at 8:45pm:
Ulysses .. and his BOGUS claims!

''Trump’s trade war has killed 300,000 jobs''


Take it up with Moody's...

Forecasting firm Moody’s Analytics estimates that Trump’s trade war with China has already reduced U.S. employment by 300,000 jobs, compared with likely employment levels absent the trade war. That’s a combination of jobs eliminated by firms struggling with tariffs and other elements of the trade war, and jobs that would have been created but haven’t because of reduced economic activity.
  

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The D-Man
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Re: Trump’s trade war has killed 300,000 jobs
Reply #8 - Sep 12th, 2019 at 9:02pm
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How many jobs has China's trade war with America, in the form of closed markets, cost over the past three decades? I'm going to just throw out a number and say 150 million.
  

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Ulysses
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Re: Trump’s trade war has killed 300,000 jobs
Reply #9 - Sep 12th, 2019 at 9:08pm
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The D-Man wrote on Sep 12th, 2019 at 9:02pm:
How many jobs has China's trade war with America, in the form of closed markets, cost over the past three decades? I'm going to just throw out a number and say 150 million.


Link?
  

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