How Trump’s Policies Are Still Affecting Your Finances

Biden has notably said that he does not have any immediate plans to reverse Trump’s China tariffs — and by keeping them in play, this could potentially affect even more workers. A study commissioned by the US-China Business Council found that if China and the US continue to “decouple” from a trade partnership, the US GDP could shrink by $1.6 trillion over the next five years. This could result in 732,000 fewer American jobs by 2022 and 320,000 fewer jobs by 2025.