ni hao ma xi xi kung he fat choi

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Yup! Employers knew this was coming from months of campaign "promises" by Trump to tariff everything, with lots of claims of creating the "External revenue service" since the tariffs were going to be coming from other countries. The lie was incredibly transparent. No business leadership took it seriously. Instead, they buckled up for the uncertainty. The jobs report was based on openings available, and then revised down based on actual jobs filled. [Many employers have postings that they leave up for long stretches but never fill](https://www.businessinsider.com/hiring-slowdown-companies-take-longer-fill-open-roles-ghost-jobs-2025-5?op=1). "Hao said that some companies may have posted jobs they intended to fill, but heightened economic uncertainty in recent months caused them to pause or scrap those plans." They'd been predicting this outcome since early 2024 when Trump was ramping up his campaign. [Fox Business: April 2024](https://www.foxbusiness.com/economy/economists-weigh-pros-cons-trump-plan-60-tariff-china) Economists weigh pros and cons of Trump plan for 60% tariff on China. Tariffs are taxes, but do the benefits exceed the costs? "A working paper by the nonpartisan National Bureau of Economic Research (NBER) released in January ruled Trump's policies an economic loss, but a political win. Import tariffs had no impact on American workers, NBER researchers found, but retaliatory tariffs cost U.S. jobs. American farmers were hit hardest when China imposed tariffs as high as 25% on exported soybeans, cotton and sorghum, the paper said. **The Trump administration launched a $23 billion program to bail farmers out with government checks in 2018 and 2019 to offset those losses**, a program that was criticized for being insufficient." [ABC: February 2024.](https://abcnews.go.com/Business/trump-trade-war-triggered-job-gains-happen/story?id=107601458) "Trump's tariffs **decreased U.S. employment by 166,000 jobs, according to a study from the nonprofit Tax Foundation, which cited an increase in import costs for U.S. employers**. A separate study from the U.S.-China Business Council estimated up to nearly 250,000 lost jobs as a result of the tariffs." [Fortune: September 30, 2024: **Trump tariffs would mean up to 70,000 fewer jobs get created each month, Morgan Stanley says**](https://fortune.com/2024/09/30/trump-tariffs-economic-impact-70000-fewer-jobs-monthly-payrolls-gdp-growth-inflation/) "Monthly US payroll gains would fall by 50,000 to 70,000, the bank’s model showed. So far this year, payrolls have averaged 184,000 in increases a month."

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