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Measures could result in a loss of more than 450,000 u.s. jobsz. now the white house has approved $12 billion in emergency relief for farmers who are caught up in the trade war. but if it provided similar assistance to others affected in different industries, the cost would balloon to $39 billion. so that's just one particular cost of this trade war. joining us now to take a closer look at this is economist at oxford university fellow linda yu, author of the book the great economists, how their ideas can help us today. linda, great to see you. thanks for being with us. what's the immediate imp...

Agriculture industry alone. there are plans in place for a $12 boost to assist the agricultural sector but if the trump administration compensated losses across all industries, that price tag could balloon -- to $39 billion. >> now a national correspondent for "the washington post" who has written about this. phil, you had an interesting article here for a two track strategy for donald trump saying he's managed something interesting. on one side he's got sort of traditional republican theory. favorable tax policies, pro-business. but he's also stoking the fires of a cultural war which affects ...

For example, the auto industry could lose between 18,000 and 40,000 jobs by the end of next year. the solar panel industry could lose at least 23,000 jobs this year. 134,000 jobs could be lost due to tariffs on chinese imports and retaliatory duties on u.s. exports. 67,000 of them in agriculture alone. the administration plans to spend $12 billion to boost the nation's agricultural sector, but if it compensated for losses across all affected industries, the price tag could balloon to $39 billion. now, in some cases the administration's tariff policies can both help and hurt the very same busin...

Agreements we'll be doing just fine. but again we want to see that trade. we want to see open markets. we would rather have that than, of course, the aid that is being proposed by the federal government. >> sandra: the numbers coming out of the chamber of commerce showing that bailing out all sectors hit by the president's tariffs would cost $39 billion, senator. >> yeah. that's way too much. the farmers that i have spoken with have said we don't want aid, we don't need the subsidies. what we want to see the fa -- the fact that we can grow our goods and get them to new and developing markets. ...

Billion to compensate the industries for the economic damage they may face. that figure included the $12 billion in emergency aid recently approved by the trump administration for farmers who produce certain goods like soybeans. any like soybeans. any potential impact to the soybean farmers could have major ramifications when it comes to the election. one-third of the nation's most contested house districts are home to major soybean farms, primarily in the midwest. while president trump had a strong performance in that region back in 2016, the area is bracing for a potential economic blow come...