More than 11,100 Good
Jobs Created Since February
We have determined that
at least 11,100 new jobs have been created since February 1 as a result of the
protective tariffs imposed on imported solar panels, washing machines, steel,
and aluminum. The finding arises from the initial results of
CPA’s “Tariff Job Creation Tracker” (TJCT), which monitors the
jobs created as a result of the administration’s tariff actions. The tally is
conservative because the numbers include only those positions where companies
have publicly announced new or planned job counts.
The TJCT was compiled by
the CPA research team led by economist Jeff Ferry. Dozens of individual company
announcements show a steady stream of new jobs in affected industries, trends
also supported by the government BLS data, said Ferry. “The national media is
generally ignoring the job creation arising from the country’s new strategic
trade posture. This information is important. These jobs will have substantial
positive effects on local economies and the national U.S. economy,” said Ferry.
“They are in general well-paid manufacturing jobs in high-productivity
businesses. Those new jobs will contribute to the creation of thousands of
service sector jobs and they will stimulate local economies.”
In January, the president
announced section 201 safeguard tariffs on imported washing machines as well as
solar panels and cells, which went into effect in March when President Trump
announced section 232 national security tariffs on surging imports of
subsidized steel and aluminum, which went into effect June 1. The president is
also imposing section 301 tariffs on $50 billion worth of Chinese goods
produced via intellectual property theft, forced technology transfer, and
cyber-attacks. However, our job creation numbers do not yet include the impact
from those 301 tariffs.
We’ve long recognized the
direct connection between manufacturing strength and a vibrant middle class. Recent
administrations simply acquiesced to a quarter-century of predatory trade from
China. It’s past time to take action, and it’s gratifying to see how quickly
manufacturing is coming back to the U.S. now that we are implementing the
beginnings of a national trade strategy. [more...]
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