Donald Trump   Xi Jinping

President Donald Trump’s escalating trade war with China is starting to hurt the nation’s job market, another sign that ongoing tensions over commerce may take a harsh toll on US economic health.
The Washington Post reported there’s increased anxiety among business owners and corporate leaders over a trade war that has no end in sight — and there’s early signs they’re backing off hiring more workers.
One executive said he took down several job listings this summer after Trump announced he would impose tariffs to all remaining US imports from China.
Sung Won Sohn, an economics professor at Loyola Marymount University, told the Post it’s a cautious time for businesses and they’re being “careful about spending and hiring.”
Visit Business Insider’s homepage for more stories.

President Donald Trump’s escalating trade war with China is starting to hurt the nation’s job market, another sign that ongoing tensions over commerce may take a harsh toll on US economic health.

The Washington Post reported there’s increased anxiety among business owners and corporate leaders over a trade war that has no end in sight — and there’s early signs they’re backing off hiring more workers.

One executive said he took down several job listings this summer after Trump announced he would impose tariffs on all remaining US imports from China on September 1.

Read more: It’s been more than a year since the US-China trade war started. Here’s a timeline of everything that’s happened so far

“It’s the most frustrating time I’ve ever had running a business, and I’ve been doing this for 20 years,” Win Cramer, chief executive of JLab Audio, told the Post.

Business investment declined in the second quarter of the year. And some corporate leaders cited Trump’s tariffs and his volatile economic approach creating a current of uncertainty and …read more

Source:: Business Insider

      

(Visited 3 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *