China’s Job Market at Risk as US Trade Talks Resume
China’s labor market is feeling the heat from renewed trade tensions with the US, as the country battles a housing slump, high youth unemployment, and slower economic growth.
With a potential loss of up to nine million manufacturing jobs if tariffs are maintained, the stakes are higher than during Trump’s first term.
If US tariffs persist or intensify, analysts warn that up to nine million factory jobs could be lost, far more than in the last trade war. Meanwhile, China’s counter-tariffs are already affecting domestic employment, while the US faces risks of inflation and product shortages.
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