. Experts estimate that hundreds of thousands of jobs will have to be cut in industries that rely on imported steel and aluminum, outnumbering whatever jobs would be gained manufacturing the metals domestically.
Chief executive of the U.S. Chamber of Commerce Tom Donahue wrote a letter to his board of directors on Thursday outlining the damage Trump’s trade policy could do to the economy. If the president ultimately decides to pull out of NAFTA, Donahue estimates as many as 2.6 million jobs could be lost. "The current approach – and the obvious retaliation that will occur in response – poses a serious risk of raising barriers and reducing Americans' access to vital global markets," Donahue wrote according to the Wall Street Journal, which reviewed the memo. "Our businesses will lose customers, workers will lose jobs, and American consumers will lose family income through higher taxes and higher prices."
Edited by kyle585 (06/01/1812:51 PM)
_________________________ **** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****