Xinhua News Agency, Beijing, Feb. 4 (Xinhua) -- The New York Times recently reported that a new study on monthly employment data in the U.S. industry found that former U.S. Trump was politically successful in imposing broad tariffs on China and other U.S. partners, but suffered economic defeat.
The report cited research ** as saying that Trump's tariffs won voter support for the Republican Party, but did not bring jobs to the United States. **The data shows a clear trend of U.S. companies turning to other low-cost countries instead of moving production to the U.S. after the tariffs on China.
The study** was authored by David Dorn of the University of Zurich, David Ott of the Massachusetts Institute of Technology, Anne Baker of the World Bank, and Gordon H. Hansen of the Harvard Kennedy School.
A study of monthly U.S. employment data across industries found that Trump's measures to impose tariffs on foreign metals, washing machines and a range of goods from China since 2018 had little effect and did not increase employment. In addition, the measure has led other countries to impose retaliatory tariffs on U.S. products, making it more expensive to sell overseas. In agriculture in particular, U.S. exports of soybeans, cotton and sorghum have been hit by higher tariffs by other countries.
The New York Times, citing critics, reported that the tariffs impose an additional burden on low-income Americans, and also increase the cost of American factories that rely on foreign factor inputs, which could make American goods more expensive and less internationally competitive.
The study notes that the question of whether the tariffs will create jobs in the United States for a longer period of time remains an open question.
*: Xinhuanet).