Sanjay Patnaik suggests that while tariffs aim to protect American jobs, they can result in a net loss of jobs across multiple industries.
According to Patnaik, the tariffs introduced have led to a job loss range of 140,000 to 275,000, complicating the narrative of job protection.
Patnaik notes that tariffs can increase costs significantly, suggesting that much of the financial burden is ultimately passed on to consumers.
Biden's proposed tariffs raise concerns about their potential to drive up prices for essential goods, impacting overall consumer spending and economic stability.
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