A tit-for-tat battle would lead to serious economic damage on both sides of the ocean. Building tariff walls may help to save or add some US jobs in domestic industries. But these will almost certainly be countered by jobs lost in the US export sector, which will run into tariff walls abroad in case of retaliation. What's more, higher import prices equal lower purchasing power for US households and that will suppress economic growth. Bad news for jobs. So if tariffs will not save or create a significant number of jobs in the rust belt, what could help? Trump should arm US workers by investing in their employability, ... (full story)