(“From Wisconsin to South Carolina, small businesses are starting to lay off employees, and they’re citing Trump’s tariffs. Just ask the Department of Commerce:In 2013, majority-owned U.S. affiliates of foreign firms employed 6.1 million people. In addition to these direct jobs, foreign direct investment (FDI) contributes to a number of indirect jobs. However, little is known about the total number of jobs attributable to FDI in the United States. We use the United States Applied General Equilibrium (USAGE) model to estimate the total jobs attributable to FDI.
Source: Washington Post August 16, 2018 13:18 UTC