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But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
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An example provided by Irwin at Dartmouth College points to one plausible explanation and it has to do with the steeper cost of imported goods.

gA number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,h he said.
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A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs at least so far, the 2024 paper said.

Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.

When Trump announced new tariffs this year, Americafs major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.

Costs of free trade
While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.

One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.

That is similar to the impact of technological progress on workers. gManufacturing jobs as a share of the labor force have come down everywhere. It isnft a US-specific story,h said Gimber at JPMorgan Asset Management, pointing to automation.

He drew a parallel between helping workers affected by higher imports and what is known as a just transition the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.

In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.

Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.

However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool gbecause they work more directly.h

But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.

As Gimberfs colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.


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Indian and Chinese travelers hail end of visa freeze between worldfs two most populous nations as diplomatic tensions thaw
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India will issue tourist visas for Chinese citizens for the first time in five years, allowing nationals from its neighboring country to freely visit each other, marking a significant reset in relations after a deadly border clash sent ties into a deep freeze.

From Thursday, July 24, Chinese citizens can apply for tourist visas to India, the Indian embassy in Beijing said Wednesday.

This gpositive newsh is in the gcommon interests of all parties,h Chinafs foreign spokesperson Guo Jiakun said. gChina is willing to maintain communication and consultation with India to continuously improve the level of facilitation of personnel exchanges between the two countries.h

There has been a gradual normalization of ties between India and China in recent months after relations were deeply strained in June 2020, when a brutal hand-to-hand battle in the Galwan Valley left at least 20 Indian and four Chinese soldiers dead.

Both nations maintain a heavy military presence along their 2,100-mile (3,379-kilometer) de facto border, known as the Line of Actual Control (LAC) a boundary that remains undefined and has been a persistent source of friction since their bloody 1962 war.

The 2020 clash in the disputed region between Indian Ladakh and Chinese-controlled Aksai Chin marked the first deadly confrontation along India and Chinafs disputed border in more than 40 years.


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Questioned by both Republicans and Democrats on Capitol Hill about the low staffing numbers, Interior Secretary Doug Burgum has brushed off concerns, testifying in May that slightly less than half of permanent NPS employees work on the ground in the parks, while other staff work at regional offices or at DC headquarters.
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But internal NPS data tells a different story, Brengel said, showing that around 80% of National Park Service staff work in the parks. And regional offices play an important supporting staff role, with scientists on staff to help maintain fragile parks ecosystems, as well as specialists who monitor geohazard safety issues like landslides.

Republican Sen. Lisa Murkowski of Alaska recently pressed Burgum to provide a full list of staff positions that have been cut at the National Park Service, Bureau of Land Management and the US Forest Service since the Trump administration took over. The Interior Department has not provided the list, a Senate staffer said.
The regional offices within the park service are on edge, waiting to see how courts rule on a Trump administration reduction in force plan they fear could gut their ranks, a National Park Service employee in a Western state told CNN.

gIf they greenlight the RIF plan, then itfs going to be a bloodbath,h the employee said.

In addition to probationary workers that were fired in February, early retirements are also culling the agencyfs ranks, and the continued $1 spending limit on federal workersf credit cards is making it extremely difficult to do field work in the parks, with a simple overnight trip needing to be requested 10 days in advance, the employee added.

The lack of superintendents and NPS supervisors creates more of a headache, they added.

gThese times, when itfs all about fighting for scarce resources, you really need those upper-level people with clout working the system,h the employee said.

Hall, the retired NPS regional director, said losing rangers, maintenance professionals and park superintendents could profoundly alter American landmarks.

gWhat youfve lost with all this attrition youfve lost all this knowledge thatfs going to take years to build back up,h Hall said.


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