Note: Impacts are estimates and can vary based on specific products, origin, market conditions, and employment effects.
US tariffs can also significantly affect other countries' economies, leading to retaliatory measures and impacting jobs globally. Certain industries face specific challenges.
Tariffs on imported steel (25%), aluminum (25%), and potentially lumber raise input costs for the US construction industry. This can lead to higher prices for new homes and infrastructure projects, potentially slowing construction activity and affecting related jobs, even if domestic material production jobs are protected.
Increased tariffs on imported solar panels and components (especially from China) are likely to raise installation costs for homeowners and businesses in 2025. This could lead to project delays and potentially fewer jobs in solar installation, although it might boost domestic US solar manufacturing over time. Previous tariffs were linked to significant job losses in the sector.
Faces broad US tariffs (e.g., 20% on many goods, plus specific tariffs on items like solar components). This can reduce Chinese exports to the US, impacting its manufacturing sector and potentially leading to job losses there. China has often responded with its own retaliatory tariffs on US goods (like agriculture), which can negatively affect US jobs in those sectors.
As a major trading partner, the EU faces tariffs on key exports like steel, aluminum, and potentially cars (which could see significant price hikes). This can harm European industries (e.g., automotive jobs) and potentially slow economic growth. The EU's retaliatory tariffs on US goods can hurt US export industries and related jobs.
Highly integrated with the US economy, Canada faces tariffs (e.g., 25% on many goods, though potentially lower on lumber/energy). This impacts cross-border trade, supply chains (especially automotive), and potentially jobs in affected sectors on both sides of the border. Canada's significant retaliatory tariffs further pressure US export jobs.
Also heavily reliant on US trade, Mexico faces similar tariffs (e.g., 25%). This disrupts manufacturing (like auto parts) and exports, potentially affecting jobs in these sectors. While some production might shift *to* Mexico, direct US tariffs and potential retaliation pose challenges to employment.
Source: Information synthesized from recent news reports and economic analyses (April 2025). The situation is complex and subject to change.
