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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