Export employment to dive if trade war persists -US business group

From Yahoo Finance: 2025-04-29 08:26:00

American exports to China worth $140.7 billion face a 125% retaliatory Chinese tariff, risking hundreds of thousands of American jobs, per US-China Business Council. The escalating trade war threatens global growth. U.S. exports to China support 862,467 jobs, with the South and Midwest most exposed to Chinese tariffs on oilseeds, grains, oil, gas, pharmaceuticals, and semiconductors. Texas, Louisiana, Alabama, Illinois, and California are most vulnerable. The U.S. education industry is the top service exporter to China, with California, New York, Texas, Illinois, and Massachusetts leading in service exports. Leaders urged to negotiate.

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