Will Tariffs Save US Jobs?
Donald Trump says tariffs on Chinese goods are necessary to 'protect American workers'. So who in the US might benefit from this action?
Donald Trump says tariffs on Chinese goods are necessary to 'protect American workers'. So who in the US might benefit from this action? Tennessee voted overwhelmingly for Mr Trump in 2016 and does more trade with China than any other US state. We hear from farmers facing Chinese tariffs on soy bean exports and a manufacturer worried about rising US steel prices. We also hear from Shelbyville, once called 'pencil city', where one of the last US pencil factories says its business has been damaged by cheap Chinese imports for decades.
But is President Trump pointing the finger in the wrong direction when it comes to job losses? Calum Chace, author of The Economic Singularity and Our Jobless Future: An Essay on Artificial Intelligence and the Economic Singularity, says the decline in manufacturing has much more to do with automation than it does with China.
(Picture: US President Donald Trump at the American Farm Bureau Federation's Annual Convention in Nashville, Tennessee. Credit: Jim Watson/Getty Images)