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BUSINESS: Amerikaanse staten lijden onder handelsoorlog infographic
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Amerikaanse staten lijden onder handelsoorlog

Graphic News

July 6, 2018 -- De dreiging van een Chinees-Amerikaanse handelsoorlog werd vrijdag om 04:00GMT realiteit, toen de Amerikaanse heffingen van 25% op zo'n $34 miljard aan Chinese import, ingingen. China beschuldigde de VS van "het starten van de grootste handelsoorlog in de geschiedenis".

Steel and aluminium users, farming, electronics and car makers face increased expenses and potential losses of as many as 2.6 million jobs from President Trump’s trade war.

Steel prices have risen almost 38 per cent in the U.S. on the back of the Trump administration’s import duty, creating more than 3,000 jobs across the country, but higher prices present a problem for companies that use those metals.

A study by economists Joseph Francois and Laura M. Baughman at consulting group The Trade Partnership estimated that layoffs in industries that rely on steel and aluminium to produce goods would reach nearly 470,000, far outweighing the potential increase of 26,300 jobs in the metals industries.

American farm jobs are also at risk in the lucrative soybean producing states of Illinois, Iowa and Minnesota, which export about 35 million tonnes of soybeans worth $14.4 billion to China a year. An additional 25 per cent tariff on soybeans will add $100 per tonne on U.S. exports.

Tom Donohue, chief executive of the U.S. Chamber of Commerce, has warned that the trade war threatens as many as 2.6 million American jobs.

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