Protectionist trade policies would throw the U.S. economy into turmoil and lead to the loss of millions of middle-class jobs, a new report said on Monday.
The Progressive Policy Institute (PPI) concluded that trade policies that cut off the United States from the global economy would do more harm than good in boosting job creation and wages for the majority of Americans.
“We explain why protectionist policies that supporters claim will ‘bring back’ American jobs would, instead, likely throw America into an economic tailspin and destroy millions of good middle-class jobs in manufacturing, services and farming,” said Ed Gerwin, the report’s author and director of the Trade and Global Opportunity Project at PPI.
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