(Casey Guernsey via CNBC)
International trade is a complex system with decisions made in one country having far-reaching consequences in others. Last week, President Trump announced his latest set of tariffs – this time worth $50 to $60 billion of Chinese products – with the goal of boosting the U.S. economy and protecting America’s workers and businesses.
These are on top of the far-reaching tariffs he announced earlier this month on a majority of steel and aluminum imports. Despite the president’s best intentions, these actions have put a bullseye on the backs of rural families across the country, which stand to lose hundreds of thousands of jobs as America’s trading partners fight back.
According to a recently-released study by Trade Partnership Worldwide, the president’s steel and aluminum tariffs alone would result in the loss of nearly 500,000 U.S. jobs, with approximately 25,000 lost jobs in the agricultural sector alone. Click here to read more.
Note: Casey Guernsey is a Republican politician and former member of the Missouri House of Representatives.