The continued escalation of trade tensions with China and other countries could cost the United States more than 2.2 million jobs, including a projected net loss of 37,344 in Wisconsin, according to data released Wednesday by Tariffs Hurt the Heartland.
The advocacy group has been holding town hall meetings around the country, including in Wisconsin, to draw attention to negative impacts of President Donald Trump’s efforts to use tariffs to force trade negotiations with a number of countries. The group previously said increased tariffs cost Wisconsin companies $139 million through October of last year.
Tariffs Hurt the Heartland worked with Trade Partnership Worldwide, a Washington D.C.-based consulting and trade analysis firm, to project the potential impact if the tariffs stay in place.
The projected loss of 2.2 million jobs comes under a “trade war” scenario that includes the existing tariffs on steel and aluminum, tariffs on all Chinese goods coming into the U.S., tariffs on automotive parts from a number of countries and retaliatory actions corresponding to each new tariff.
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