Consulting Firm Says Trump Tariffs Will Cost 146,000 Jobs

Donald Trump says his tariffs on steel and aluminumn will bring back jobs to the United States. A consulting outfit called The Trade Partnership says he’s right—but only at the cost of losing jobs in lots of other areas:

TTP estimates that the tariffs will, on net, cost about 146,000 jobs, two-thirds of which are production and low-skill jobs. This estimate doesn’t take into account any possible retaliation from our trading partners.

The TTP analysis is based on the Global Trade Analysis Project (GTAP) database. This is a model coordinated by Purdue University that’s widely used, not least by Joseph Francois, the economics professor who serves as managing director of TTP. The GTAP model, says the TTP paper, “is the same model used by the Commerce Department to arrive at the tariff rates it argues will yield increases in U.S. steel production sufficient to bring the industry to 80 percent capacity utilization.”

I’m sure we’re going to see lots of dueling estimates in the near future about the effects of Trump’s tariffs. This is just the first one.

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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