[The details are below – a very conservative estimate is the trade wars have already cut annual work comp premiums by $686 million. (300,000 workers, 2080 hours per year, average WC premium rate $1.10 per hour). (source data here)]
Moody's Analytics estimates that Trump's trade war with China has already reduced U.S. employment by 300,000 jobs, compared with likely employment levels absent the trade war. That's a combination of jobs eliminated by firms struggling with tariffs and other elements of the trade war, and jobs that would have been created but haven't because of reduced economic activity.
If the trade war continues thru the end of this year, Moody's reports another 150,000 jobs will be eliminated. If the trade war isn't over by December 2020 the total will double to 900,000.
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