Retail jobs will be particularly hit given the concentration of those jobs in the Northeast and the seasonal adjustment that accounts for the increase in retail jobs ahead of the Holiday season.
While lags are expected (economists speak of a J-curve effect that accounts for the process of adjustment to the new prices in both countries), a two or three year lag in an era of instant communications, cyberspace transactions, transnational production, and airtight supply chains is simply not credible.
Since rising imports lead to rising exports and rising exports lead to rising imports, most of the adjustment or balancing takes place within the trade accounts trade in goods and services.