Please ensure Javascript is enabled for purposes of website accessibility
Trump Trade War With China Has Cost 300,000 U.S. Jobs, Moody's Estimates
News
By News
Published 6 years ago on
September 13, 2019

Share

[aggregation-styles]

Although U.S. unemployment may be at its lowest level in nearly 50 years, the jobless rate would be even lower if not for the U.S.-China trade war, Moody’s Analytics said in a recent analysis.
The White House’s imposition of tariffs on hundreds of billions worth of Chinese imports has resulted in 300,000 fewer jobs being created and reduced U.S. gross domestic product by an estimated 0.3%, Moody’s Analytics’ chief economist Mark Zandi said in the report.
That estimate is based on the difference between actual nonfarm employment and projections of what employment would have been as of June 30 if not for the U.S.-China trade war.

Read More →

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Rise of the Anti-“Woke” Democrat

Kings County Sheriff Announces Retirement After Nearly 30 Years in Law Enforcement

4 hours ago

General Mills to Remove Artificial Colors From All Its US Cereals and Foods

4 hours ago

‘Who’s Running the White House?’ Trump Brings Back ICE Raids on Farms, Restaurants

U.S. immigration officials on Tuesday walked back limits on enforcement targeting farms, restaurants, hotels and food processing plants just...

3 hours ago

3 hours ago

‘Who’s Running the White House?’ Trump Brings Back ICE Raids on Farms, Restaurants

3 hours ago

Granite Park Eviction Lawsuit Heads Toward Trial

Mark Kismet, 50, who is considered at-risk went missing on Friday, June 6, 2025, in Clovis near Harlan Ranch is still missing according to the Clovis Police Department on Thursday, June 12, 2025. (Clovis PD)
4 hours ago

Missing Clovis Man Found Dead. No Foul Play Suspected

Kings County Sheriff Dave Robinson announced he will retire on November 24, 2025, ending a nearly 30-year career and prompting the county to consider options for his replacement. (Kings County SO)
4 hours ago

Kings County Sheriff Announces Retirement After Nearly 30 Years in Law Enforcement

4 hours ago

General Mills to Remove Artificial Colors From All Its US Cereals and Foods

4 hours ago

US FDA to Shorten Review Time for Drug Developers Under New Voucher Program

4 hours ago

Physician Warns Fresno County Supervisors About Jail’s Medical Provider, Private Equity Co.

4 hours ago

Houthi Official Says Group Will Intervene to Support Iran Against Israel

Help continue the work that gets you the news that matters most.

Search

Send this to a friend