US Tariffs on China Over IP Issues Could Cut Jobs, Say GDP, CTA, NRF

The Trump administration's proposed 25 percent tariffs on Chinese imports over intellectual property concerns (see 1804030072) and retaliatory Chinese actions that could follow would reduce U.S. GDP by nearly $3 billion and “destroy” 134,000 American jobs, CTA and the National Retail Federation reported Tuesday. They estimate “four jobs would be lost for every job gained.”