Goldman Sachs are cautious of 500Ok of US job losses resulting from tariffs

Goldman Sachs sought out educational research on how tariffs affect:

• The broader statistical proof factors to damaging web employment results.
• Whereas the vary of estimates is broad, educational research usually discover 1Opp enhance in tariff charges raises employment in protected industries by Zero.2-Zero.four% however that every 1pp enhance in tariff-driven prices lowers employment by Zero.Three-Zero.6%.
• Scaling these estimates to the US economic system indicate a lift of just below 100okay to manufacturing employment from tariff safety however a roughly 500okay drag on downstream employment from enter price pressures.

Bolding is mine. Manufacturing jobs added, round +100Ok, however the wider affect is damaging, 500Ok of job losses.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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