Last week, President Trump announced that tariffs on Mexican goods are "indefinitely suspended" after the U.S. and Mexico reached a deal on immigration enforcement. Before the agreement, a string of reports predicted profound economic consequences on both sides of the border if tariffs had been implemented. One analysis by The Perryman Group even forecast more than 400,000 job losses.
Texas would have been the state hardest hit, losing up to $11.9 billion in GDP, along with 117,000 job losses. When it comes to the different sectors that would have been impacted, Retail Trade would have had the highest losses at 136,516, followed by Manufacturing and Other Services with approximately 57,000 each.
Tariffs On Mexico Could Cost 400,000 U.S. Jobs
Trade War
Description
This chart shows the estimated job losses due to a 5% tariff on Mexican goods by sector.
