Story perspectives

Goldman Sachs: Trump's Tariffs Could Cost 400,000 Jobs

4/16/2025

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Summary

Story summary

Goldman Sachs warns Trump's tariffs could create manufacturing jobs but result in a net loss of 400,000 jobs nationwide.
The UK horticulture sector remains largely unaffected by U.S. tariffs due to limited export volume.
Albertsons will not accept supplier cost increases from tariffs, risking smaller suppliers' viability.
Trump's advisers express internal concerns about tariffs leading to economic instability and market disruption.
Bangladesh's RMG sector may face a 37% tariff, jeopardizing exports and jobs, leading to a government request for a delay.

History

Historical Context

The current tariff issues echo the historical protectionist policies of the 1970s and 1980s, where U.S. tariffs aimed to bolster domestic industries but often led to job losses and economic instability. Past trade wars reveal that such measures frequently backfire, harming both consumers and exporters.

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Story summary

Goldman Sachs warns Trump's tariffs could create manufacturing jobs but result in a net loss of 400,000 jobs nationwide.
The UK horticulture sector remains largely unaffected by U.S. tariffs due to limited export volume.
Albertsons will not accept supplier cost increases from tariffs, risking smaller suppliers' viability.
Trump's advisers express internal concerns about tariffs leading to economic instability and market disruption.
Bangladesh's RMG sector may face a 37% tariff, jeopardizing exports and jobs, leading to a government request for a delay.

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