Tariff cuts ease mass China layoffs threat, but job market pain persists

BEIJING (Reuters) -Chinese worker Liu Shengzun lost two jobs in just one month as U.S. import tariffs shot up to triple digits in April, forcing a Guangdong lighting products factory, and then a fo…

Mass Layoffs Avoided in China, But Export Sector Badly Shaken

The agreement by US and Chinese trade officials last weekend to slash tariffs for 90 days looks to have prevented mass job layoffs in China, but economists say they are still high enough to slow Chinese growth. Beijing avoided a nightmare scenario, but analysts say that even with both sides slashing tariffs by 115% Chinese exporters and the local job market will take a hit with US tariffs still at 30%. Chinese worker Liu Shengzun lost two jobs i…

Economists and policy advisers say the 145 percent U.S. tariff increase has already caused lasting economic damage, and even after the Geneva talks are over, tariff levels will remain high enough to continue to hurt China's job market and slow economic growth.

Tariff cuts ease mass China layoffs threat, but job market pain persists

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