New one Analysis The tariff policies of the Trump administration found that many industries could increase the cost of up to 4.5 percent.
The Washington Center for Equitable Growth found that with special vulnerability for manufacturing sector and repair and maintenance industries, including auto repair shops, growing by 2 to 4.5 percent.
Researcher Christopher Bangirt-Downs said those industries have been “highly exposed to tariffs” because the import of raw materials from China could face increased levy. The world’s two largest economies are insisting on establishing More permanent exchange policies After May 1 from the trade war.
According to Tuesday’s release, “The important thing is that manufacturing will probably be the weakest industrial category regardless of the object of a given tariff regime or the nuances of the country.”
He said, “Some manufacturing sub -sector may suffer less loss than others, but the overall dependence of the sector on imported input means that manufacturing will withstand more intermediate tariff costs than other industries,” he said.
Bagart-Downs stated that 8 million workers are employed in construction in an average month in 2025, while more than 1 out of 10 American workers are employed in adjacent careers.
Under the new trade rates, some companies may start firing to employees due to economic pressure.
According to the findings of the organization, “Many factors outside the scope of this analysis will determine how the domestic employer union passes the tariff cost to workers, including coverage, gender and breed and other workforce characteristics.”
“The US Bureau of Labor Statistics says, for example, more than 10 percent of construction workers and 7.9 percent of construction workers are covered by a union contract, meaning that those workers can be protected mildly more against tariff-causal job disadvantages than the average worker in the US private sector, where the union coverage rate is 5.9 percent.”
Bagart-Down indicated that other regions may experience success from the President’s new trade rates.
The organization wrote, “President Trump’s far -reaching tariff policy is certain for the United States and the world deepest and often for contradictory economic consequences. Some American industries may actually experience a revival, as their products become more competitive in domestic markets than tariff imports,” the organization wrote.
He said, “But it is not clear whether they would overtake the cost of potential benefits tariffs, not only for consumers facing high prices but also for American workers,” he said.
