Wednesday, May 22, 2019

Across-the-Board China Tariff Would Boost U.S. Economy, Create Thousands of Jobs

By Michael Stumo

We have released a groundbreaking study on the impact of a potential 25 percent across-the-board tariff on all imports from China. Our research found that such a move would deliver significant, sustained benefits for the U.S. economy, including the creation of 771 million additional jobs and an additional $125 billion to GDP over five years. 

“China’s rise has come at the expense of U.S. jobs and manufacturing,” said CPA Chairman Dan DiMicco. “This new research demonstrates just how much the United States stands to gain from reclaiming our manufacturing base. Blind adherence to free trade clearly hasn’t worked, and boosting domestic production should now be our top priority.” [more...]

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