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Trump trade war casualties could include 5 million US jobs - Duluth News Tribune
WASHINGTON — As a presidential candidate, Donald Trump said that China had committed “the greatest theft in the history of the world” by taking advantage of the United States in global trade.
“We can’t continue to allow China to rape our country,” Trump said at a rally in May.
<snip>
“The Chinese will simply retaliate and make Washington goods much more expensive,” said former Washington state Democratic Gov. Gary Locke, who served as the U.S. ambassador to China from 2011-14. “It will cost us jobs. Those Chinese airlines don’t have to buy from Boeing. And they don’t have to buy Washington wheat ... . It’s bad news for Washington state.”
How bad could it get?
Under the most dire scenario, a trade war would kill nearly 5 million U.S. jobs, with Washington state hit the hardest of any state, losing 5 percent of its private sector jobs, or a total of 127,685, according to the Peterson Institute for International Economics, a pro-trade group.
While Washington state would be the worst affected, the study concluded that a broad swath of states would lose at least 4 percent of their workers, including California, Texas, Pennsylvania, Illinois, Kentucky and North Carolina. - Duluth News Tribune
“We can’t continue to allow China to rape our country,” Trump said at a rally in May.
<snip>
“The Chinese will simply retaliate and make Washington goods much more expensive,” said former Washington state Democratic Gov. Gary Locke, who served as the U.S. ambassador to China from 2011-14. “It will cost us jobs. Those Chinese airlines don’t have to buy from Boeing. And they don’t have to buy Washington wheat ... . It’s bad news for Washington state.”
How bad could it get?
Under the most dire scenario, a trade war would kill nearly 5 million U.S. jobs, with Washington state hit the hardest of any state, losing 5 percent of its private sector jobs, or a total of 127,685, according to the Peterson Institute for International Economics, a pro-trade group.
While Washington state would be the worst affected, the study concluded that a broad swath of states would lose at least 4 percent of their workers, including California, Texas, Pennsylvania, Illinois, Kentucky and North Carolina. - Duluth News Tribune
While all this is news, I'm not exactly sure why McClatchy's writer focuses a story most reflective of Washington State on their Duluth, MN, branch.
Seems better suited for headlines in the states of Washington, California, Texas, Pennsylvania, Illinois, Kentucky and North Carolina. Who am I to question though.
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
He didn't WIN this one. It's all about HIM and his fucking TRUMP name. He's one revengeful mo-fo about everything and everyone!
snip:
"Trump has a long history of animosity toward China. After a Chinese court refused to acknowledge Trump’s brand name in 2011, Trump wrote a letter to Locke, complaining that the entire system was “faithless, corrupt and tainted.” He told Locke that China’s behavior “should be a clear warning to the rest of the world to refrain from any trade practice or business relationship with them.”
Oh, and btw, those Eastern Washington farmers voted in fucking lockstep for this Predatory bastard.
