This Is What China Tariffs Could Do for American Jobs
A 25 percent tariff on all imported goods from China would create more than 720,000 American jobs by 2024, a new study finds.
The United States would undergo a nationwide reshoring-jobs effort if it imposed a tariff on all Chinese imports, the latest study from Coalition for a Prosperous America (CPA) researchers Jeff Ferry and Steven Byers finds.
Ferry and Byers’ study reveals that an across-the-board 25 percent tariff on every good imported to the U.S. from China would “deliver a significant, sustained boost to the US economy” by creating 721,000 American jobs and adding $125 billion to the nation’s GDP by 2024.
“Our model demonstrates that across-the-board US tariffs on Chinese imports stimulate the US economy, increase US production and jobs, and lead to a reduction in US import costs over time,” Ferry said.
“This result is consistent with US experience in 2018 and early 2019 when tariffs on steel, aluminum, and other industries led to job creation in those sectors,” Ferry said. “The modeling results provide additional evidence that decoupling the US economy from China and its predatory trade and subsidy practices will make the US economy stronger, with more production, investment, and jobs.” (Read more from “This Is What China Tariffs Could Do for American Jobs” HERE)
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