Economist: Trump trade war will cost 190,000 jobs
In addition to the multi-day bloodbath on Wall Street, the U.S.-China tariffs war will cost 190,000 American jobs thus far and shave a smidgen of GDP growth from the economy, projects Mark Zandi, chief economist at Moody's Analytics.
What they're saying: For months, President Trump has continued to gripe about the cost to U.S. workers of the U.S.-China trade imbalance. But, if Zandi is more or less right, the tit-for-tat trade attacks that he set off last week will cut close to a month's average growth in U.S. jobs, and 0.14% from this year's growth in GDP. "And the economic costs will mount quickly if the back-and-forth tariff hikes continue," he tells Axios.