There are signs Trump's trade friction is killing jobs in big manufacturing states
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- There are some signs that President Donald Trump's tariffs on steel, aluminum, and other imports are slowing hiring in manufacturing-heavy states, according to Deutsche Bank.
- Warnings that Trump's trade policies could produce this kind of result have been pouring in from economists.
It’s still early days, but there are some signs that the Trump administration’s approach to trade is hurting jobs in the most affected states.
Since announcing tariffs on steel and aluminum in March, the US has rolled out import taxes on $50 billion worth of Chinese goods, and threatened an additional $100 billion in tariffs. In response, China announced plans to impose tariffs on more than 100 American products worth $50 billion annually, including important exports like soybeans and autos. See the rest of the story at Business Insider
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