Trump's Tariffs Are Starting to Kill Jobs

https://reason.com/2025/04/18/trumps-tariffs-are-starting-to-kill-jobs/

by emrah • 1 year ago

41 10 1 year ago

emrah• 1 year ago

"Goldman Sachs estimates that the tariffs will create about 100,000 manufacturing jobs while destroying 500,000 others. In Pennsylvania, it's already starting"

apercu• 1 year ago

Seems about right considering Trumps business record before he turned to full time political grift!

therealpygon• 1 year ago

Exactly the desired outcome. Which costs a company more, an office worker or the barely above minimum wage factory worker?

toomuchtodo• 1 year ago

Ryan Petersen, CEO of Flexport, a global logistics firm, warned in a series of posts on X that ocean freight bookings from China are down 50 percent since Trump's tariffs hit. That could potentially wipe out as much as $1 trillion in economic activity if the tariffs remain in place for a full year, he estimated.

Thread: https://threadreaderapp.com/thread/1912890256216695002.html

jimmygrapes• 1 year ago

I thought we hated placing profit over ideals, did that change?

thomassmith65• 1 year ago

It depends on which ideals we're sacrificing the profits for, and also on whether we're sacrificing them needlessly.

TomK32• 1 year ago

Profits are ideal for the shareholders.

watwut• 1 year ago

Environmental protections are getting destroyed. As is food safety and data gathering about education.

The values being advanced are hate and pleasure from causing harm sold as masculinity

cjbenedikt• 1 year ago

",..could potentially wipe out as much as $1 trillion..." Well, didn't they say they would save trillions? ;-p

OhMeadhbh• 1 year ago

i'm fairly certain this was the intent.

Trump's Tariffs Are Starting to Kill Jobs

Related Stories