Since Trump’s tariff announcement last month, employees have been awaiting the fallout on their jobs and economic circumstances. They’re right to be concerned, but not in the way they may have assumed.
In April, President Trump imposed a 10% tariff on all imports into the United States. Certain countries are being subjected to even higher tariffs — 25% for Canada and Mexico and up to 145% for China. These restrictions affect a wide range of goods and services including consumer goods, industrial material, agricultural products and the energy sector. And while their impact on the labor market isn’t as straightforward, the workforce is still right to be concerned.
