Trump’s Tariffs Risk Damage to Service Sectors

“President Donald Trump says U.S. factories hollowed out by rapacious foreign competition can produce well-paying new jobs only if they are protected by the highest tariffs since the 1930s,” the Washington Post reports.

“But those trade barriers may damage the larger and faster-growing part of the economy: the services industries that employ more than 80 percent of American workers. Since January, manufacturing payrolls have increased by 6,000 jobs, a fraction of the 470,000 new providers of services such as financial advice, health care and education, who generally escape presidential notice.”