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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH Politics SUBSCRIBE FOR $0.50/WEEKLog in Friday, February 2, 2024 Today’s Paper SUBSCRIBE FOR $0.50/WEEK Politics|Trump’s Tariffs Hurt U.S. Jobs but Swayed American Voters, Study Says https://www.nytimes.com/2024/02/02/us/politics/trump-tariffs-jobs-voters.html * Share full articleShare free access * * Advertisement SKIP ADVERTISEMENT Supported by SKIP ADVERTISEMENT TRUMP’S TARIFFS HURT U.S. JOBS BUT SWAYED AMERICAN VOTERS, STUDY SAYS New research finds that former President Donald J. Trump’s tariffs did not bring back U.S. jobs, but voters appeared to reward him for the levies anyway. * Share full articleShare free access * * * Read in app American farmers who exported soybeans, cotton and sorghum to China were hit particularly hard by Beijing’s decision to impose retaliatory tariffs.Credit...Rory Doyle for The New York Times By Ana Swanson Ana Swanson has covered trade policy under the Trump and Biden administrations. Feb. 2, 2024, 5:03 a.m. ET Get it sent to your inbox. The sweeping tariffs that former President Donald J. Trump imposed on China and other American trading partners were simultaneously a political success and an economic failure, a new study suggests. That’s because the levies won over voters for the Republican Party even though they did not bring back jobs. The nonpartisan working paper examines monthly data on U.S. employment by industry to find that the tariffs that Mr. Trump placed on foreign metals, washing machines and an array of goods from China starting in 2018 neither raised nor lowered the overall number of jobs in the affected industries. But the tariffs did incite other countries to impose their own retaliatory tariffs on American products, making them more expensive to sell overseas, and those levies had a negative effect on American jobs, the paper finds. That was particularly true in agriculture: Farmers who exported soybeans, cotton and sorghum to China were hit by Beijing’s decision to raise tariffs on those products to as much as 25 percent. The Trump administration aimed to offset those losses by offering financial support for farmers, ultimately giving out $23 billion in 2018 and 2019. But those funds were distributed unevenly, a government assessment found, and the economists say those subsidies only partially mitigated the harm that had been caused by the tariffs. Advertisement SKIP ADVERTISEMENT The findings contradict Mr. Trump’s claims that his tariffs helped to reverse some of the damage done by competition from China and bring back American manufacturing jobs that had gone overseas. The economists conclude that the aggregate effect on U.S. jobs of the three measures — the original tariffs, retaliatory tariffs and subsidies granted to farmers — were “at best a wash, and it may have been mildly negative.” “Certainly you can reject the hypothesis that this tariff policy was very successful at bringing back jobs to those industries that got a lot of exposure to that tariff war,” one of the study authors, David Dorn of the University of Zurich, said in an interview. Subscribe to The Times to read as many articles as you like. Ana Swanson covers trade and international economics for The Times and is based in Washington. She has been a journalist for more than a decade. More about Ana Swanson * Share full articleShare free access * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2024 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Support independent journalism with a subscription. Already a subscriber? Log in. -------------------------------------------------------------------------------- Welcome offer Enjoy unlimited access for $2 a month your first 6 months. $12 $2/month $90 $20/year Best value Subscribe now Cancel or pause anytime. 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