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Study: Trump tariffs to cost 146,000 jobs

President Trump
President Trump has proposed new tariffs on steel and aluminum. (Photo: Win McNamee / Getty Images)

President Trump's proposed tariffs on imported steel and aluminum will increase U.S. employment in those sectors by 33,000 jobs, but cost 179,000 jobs in other areas of the economy, according to a new report by The Trade Partnership, a consulting firm. This isn't accounting for any potential retaliation from other countries.

Between the lines: Republicans' best argument for why they should remain in power is that the economy is doing well under their leadership. The last thing they need is job losses — or retaliation from trading partners.

Ina Fried 51 mins ago
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Craigslist pulls personal ads after passage of sex-trafficking law

Online classified site Craigslist has pulled its entire personal ad section in the wake of a new sex-trafficking law that puts more liability on Web sites.

Why it matters: Tech companies and advocates for sex workers had feared a chilling effect if the bill becomes law.

Khorri Atkinson 3 hours ago
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China slaps reciprocal tariffs on U.S. imports

China's President Xi Jinping speaks next to President Trump. Photo: Nicolas Asfouri// AFP / Getty Images

China announced plans to impose reciprocal tariffs on $3 billion of imports from the U.S., hours after President Trump ordered levies on a range of Chinese goods.

The details: China's plan includes a 25% tariff on U.S. pork imports as well as 15% tariffs on American steel pipes, fruit and wine, according to Bloomberg.