section_path: Effects/United States/Job losses
section_name: Job losses
paragraph_text: Job losses
  
  Analysis conducted by Moody's Analytics estimated that through August 2019 300,000 American jobs had either been lost or not created due to the trade war, especially affecting manufacturing, warehousing, distribution and retail.
  
  By September 2019, American manufacturers were reducing their capital investments and delaying hiring due to uncertainty caused by the trade war.
  
  A 2021 study by Oxford Economics and the U.S.-China Business Council concluded that the United States lost 245,000 jobs as a direct result of the Trump tariffs.: 180