Trump’s trade war could affect 11 million jobs

Trump’s trade war could affect 11 million jobs

With an escalation in President Trump’s trade war possible as early as Thursday, retaliatory tariffs threaten U.S. companies employing some 11 million workers, according to an Axios analysis.

Why it matters: Industries affected by the brinksmanship are mostly concentrated in rural, deeply red, already-struggling parts of the country, with political consequences for Trump and Republicans in 2018 and beyond.

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Explanation of the map: The map tracks the geographical impact of both current and threatened retaliation. The darker a county, the higher the concentration of affected industries there.

Driving the news: On Thursday, a public comment period ends on Trump’s threat to quadruple tariffs on China, slapping them on $200 billion in Chinese goods, up from $50 billion in force today. If Trump proceeds this week or later, as experts expect him to, China has said it will retaliate with tariffs on $60 billion in U.S. exports.

That’s on top of 25% and 10% tariffs enacted, respectively, on steel and aluminum imports from Canada, China, Mexico and the European Union, and by those countries against the U.S.

Employment in rural and low-population counties can be exceptionally vulnerable to gyrations in the global economy, said Mark Muro, a senior fellow at the Brookings Institution. “In a small county, a single meat packing establishment can provide hundreds of jobs and make up a large share of that county’s total employment,” he told Axios. A prior report by Muro and others at Brookings inspired this analysis……more here

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