The effect of Trump’s trade policies? Trade wars with China, Mexico that could cost US 4 million...

[DonViejo]

The effect of Trump’s trade policies? Trade wars with China, Mexico that could cost U.S. 4 million jobs, report says.

Donald Trump's trade policies could shock the U.S. economy back into a recession and cost 4 million private-sector jobs if the Republican presidential nominee follows through on his campaign pledges in the White House, according to a new report.

Trump has said he would consider pulling the United States out of multinational trade deals, or renegotiating them, and impose high import tariffs on goods and services from China and Mexico. Those actions probably would result in retaliatory measures against U.S.-made products, sparking trade wars whose effects could spill beyond traditional trade sectors, the Peterson Institute for International Economics concluded in the analysis released Monday.

The job losses would disproportionately affect lower-income and lower-skilled workers, the report stated.

"Donald Trump advocates policies that could potentially overturn the existing U.S.-led rules-based international trade system," the authors of the 49-page report wrote. "His policies place at risk the livelihoods of millions of Americans, most of whom probably do not think of their jobs as tied to international trade."

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https://www.washingtonpost.com/news/post-politics/wp/2016/09/19/the-effect-of-trumps-trade-policies-trade-wars-with-china-mexico-that-could-cost-u-s-4-million-jobs-report-says/?wpisrc=nl_politics&wpmm=1