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Trump has delayed his monster tariffs. Here’s why you should care
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Job losses But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries. [url=https://kra34g.cc]kraken тор[/url] An example provided by Irwin at Dartmouth College points to one plausible explanation — and it has to do with the steeper cost of imported goods. “A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said. https://kra34g.cc kraken A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs — at least so far, the 2024 paper said. Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases. When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union. Costs of free trade While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs. One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers. That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation. He drew a parallel between helping workers affected by higher imports and what is known as a just transition — the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities. In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said. Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere. However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.” But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations. As Gimber’s colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.
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Extreme heat is a killer. A recent heat wave shows how much more deadly it’s becoming
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The study’s focus on 12 cities makes it just a snapshot of the true heat wave death toll across the continent, which researchers estimate could be up to tens of thousands of people. [url=https://tripscan.xyz]tripscan войти[/url] “Heatwaves don’t leave a trail of destruction like wildfires or storms,” said Ben Clarke, a study author and a researcher at Imperial College London. “Their impacts are mostly invisible but quietly devastating — a change of just 2 or 3 degrees Celsius can mean the difference between life and death for thousands of people.” https://tripscan.xyz трипскан сайт The world must stop burning fossil fuels to stop heat waves becoming hotter and deadlier and cities need to urgently adapt, said Friederike Otto, a climate scientist at Imperial College London. “Shifting to renewable energy, building cities that can withstand extreme heat, and protecting the poorest and most vulnerable is absolutely essential,” she said. Akshay Deoras, a research scientist at the University of Reading who was not involved in the analysis, said “robust techniques used in this study leave no doubt that climate change is already a deadly force in Europe.” Richard Allan, a professor of climate science at the University of Reading who was also not involved in the report, said the study added to huge amounts of evidence that climate change is making heat waves more intense, “meaning that moderate heat becomes dangerous and record heat becomes unprecedented.” It’s not just heat that’s being supercharged in out hotter world, Allan added. “As one part of the globe bakes and burns, another region can suffer intense rainfall and catastrophic flooding.”
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3 missing, house swept away as flash flooding hits New Mexico mountain village
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‘Hire back park staff’: Visitors feel the pinch of Trump’s layoffs at National Park Service
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Full-time staff numbers are down, too; as of June, the parks service had 12,600 full-time employees, which is 24% fewer staff than they had at the beginning of the year. [url=https://tripscan.xyz]tripskan[/url] That’s the lowest staffing level in over 20 years, according to Kristen Brengel, senior vice president of government affairs at the National Parks Conservation Association. https://tripscan.xyz tripscan top Some parks, including Yellowstone, have increased their staff this year. But with low staffing levels at other parks unlikely to meaningfully improve this year, Kym Hall, a former NPS regional director and park superintendent, told CNN she worries park rangers and other staff could hit a breaking point later this summer. “By mid-August, you’re going to have staff that is so burned out,” Hall said. “Somebody is going to make a mistake, somebody is going to get hurt. Or you’re going to see visitors engaging with wildlife in a way that they shouldn’t, because there aren’t enough people out in the parks to say, ‘do not get that close to a grizzly bear that’s on the side of the road; that’s a terrible idea.’” The National Park Service did not respond to CNN’s request for comment on its staffing levels. Meanwhile, visitors are arriving in droves. Last year set a new record for recreation visits at nearly 332 million, smashing the previous record set in 2016. Hall said the process of hiring thousands of seasonal workers for the summer takes months, typically starting in the previous fall or winter to fully staff up. “Even if the parks had permission, and even if they had some funding, it takes months and months to get a crew of seasonal (workers) recruited, vetted, hired, boarded into their duty stations, trained and ready to serve the public by Memorial Day,” Hall said. Compounding the staffing issue is the fact that many park superintendents, some of whom oversee the most iconic parks like Yosemite, have retired or taken the Trump administration’s deferred resignation offers. That leaves over 100 parks without their chief supervisor, Brengel said. And amid the staff losses, staffers normally assigned to park programming, construction, and trail maintenance, as well as a cadre of park scientists, have been reassigned to visitor services to keep up with the summer season.
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