Ungated Post | 20 Jan 2021

CGTN interview: Trump’s trade war with China has cost up to 245,000 U.S. jobs

Alex Mackle, Senior Economist at Oxford Economics joins China Global Television Network’s Guan Xin to discuss the impact of the US-China trade war. 

This interview examines how President Donald Trump’s trade war with China has caused a peak loss of 245,000 U.S. jobs. Our study estimates a significant decoupling of the world’s two largest economies could shrink U.S. GDP by $1.6 trillion over the next five years.

This could result in 732,000 fewer U.S. jobs in 2022 and 320,000 fewer jobs by 2025. But a gradual scaling back of tariffs on both sides would boost growth and lead to an additional 145,000 jobs by 2025.

Watch and listen to the video interview below:

 

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