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Matt follows the
Posted on: April 22, 2025 at 12:53:27 CT
90Tiger STL
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https://www.forbes.com/sites/tylerroush/2025/04/22/tariff-layoff-tracker-mack-trucks-volvo-cut-hundreds-of-jobs-as-trumps-levies-pose-market-uncertainty/
when in doubt, make a list and publish it
Here is what is going to happen, per this tracker:
How Many Workers Could Be Fired Because Of Trump’s Tariffs?
Some analysts have estimated about 177,000 jobs in the U.S. would be cut after Trump announced a 25% tariff on all Canadian imports in February. Goldman Sachs wrote a note on April 15 suggesting Trump’s tariffs would create about 100,000 manufacturing jobs, while also removing up to 500,000 jobs across all industries.
News Peg
The International Monetary Fund said Tuesday the global economy would likely decrease at an annual rate of 2.8%, including a 1.8% decline for the U.S. economy. The UN agency warned an increase in tariffs and growing market uncertainty will likely result in a “significant slowdown” across most industries.
Key Background
Sweeping tariffs across U.S. trade partners were announced by Trump during his so-called “Liberation Day” earlier this month. Trump claimed the levies were roughly half of the total charges imposed on the U.S, arguing his approach was “kind” as economists and analysts criticized Trump’s tariff formula. Global political scientist Ian Bremmer pointed out Trump’s figures were based on a simpler calculation than what U.S. trade officials claimed, writing Trump’s formula was “incredibly stupid.” Trump announced a 90-day pause on his tariffs on April 9, though a baseline 10% would remain, except for China, whose imports face 145% tariffs. The pause was done because over 75 countries reached out to the U.S. to negotiate and did not retaliate to his tariffs, Trump said. Vice President JD Vance said the Trump administration is trying to “rebalance global trade” with tariff negotiations, suggesting it “want[s] to partner with people and countries” to create “a system of global trade that is balanced, one that is open, and one that is stable and fair.”
Edited by 90Tiger at 12:58:39 on 04/22/25
when in doubt, make a list and publish it
Here is what is going to happen, per this tracker:
How Many Workers Could Be Fired Because Of Trump’s Tariffs?
Some analysts have estimated about 177,000 jobs in the U.S. would be cut after Trump announced a 25% tariff on all Canadian imports in February. Goldman Sachs wrote a note on April 15 suggesting Trump’s tariffs would create about 100,000 manufacturing jobs, while also removing up to 500,000 jobs across all industries.
News Peg
The International Monetary Fund said Tuesday the global economy would likely decrease at an annual rate of 2.8%, including a 1.8% decline for the U.S. economy. The UN agency warned an increase in tariffs and growing market uncertainty will likely result in a “significant slowdown” across most industries.
Key Background
Sweeping tariffs across U.S. trade partners were announced by Trump during his so-called “Liberation Day” earlier this month. Trump claimed the levies were roughly half of the total charges imposed on the U.S, arguing his approach was “kind” as economists and analysts criticized Trump’s tariff formula. Global political scientist Ian Bremmer pointed out Trump’s figures were based on a simpler calculation than what U.S. trade officials claimed, writing Trump’s formula was “incredibly stupid.” Trump announced a 90-day pause on his tariffs on April 9, though a baseline 10% would remain, except for China, whose imports face 145% tariffs. The pause was done because over 75 countries reached out to the U.S. to negotiate and did not retaliate to his tariffs, Trump said. Vice President JD Vance said the Trump administration is trying to “rebalance global trade” with tariff negotiations, suggesting it “want[s] to partner with people and countries” to create “a system of global trade that is balanced, one that is open, and one that is stable and fair.”
Edited by 90Tiger at 12:58:39 on 04/22/25
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Matt follows the - 90Tiger STL - 4/22 12:53:27
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