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yes, tarrifs have always been bad overall. its economics, not an anti-trump thing.


  • Recent empirical evidence indicates the new US tariffs imposed in 2018 and 2019 were almost entirely passed on to US consumers, resulting in higher prices and reduced export growth.
  • Tariffs often lead to cascading protectionism and create a fertile ground for corruption. The 2018–2019 tariffs on China led to a complex process of exclusion requests, lobbying, and retaliatory tariffs, demonstrating the multifaceted harms of protectionist measures.

    [URL unfurl="true"]https://www.cato.org/publications/separating-tariff-facts-tariff-fictions[/URL]




  • In The Impact of the 2018 Trade War on U.S. Prices and Welfare (NBER Working Paper 25672), Mary Amiti, Stephen J. Redding, and David Weinstein find that the costs of the new tariff structure were largely passed through as increases in U.S. prices, affecting domestic consumers and producers who buy imported goods rather than foreign exporters. The researchers estimate that the tariffs reduced real incomes by about $1.4 billion per month. Due to reduced foreign competition, domestic producer prices also increased. The prices of manufactured goods rose by one percentage point relative to a no-trade-war scenario.


  • https://www.nber.org/digest/may19/us-consumers-have-borne-brunt-current-trade-war


One way to estimate the effect of these higher tariffs is to draw on the recent experience of the 2018 U.S. tariffs. Our recent study found that the 2018 tariffs imposed an annual cost of $419 for the typical household


[URL unfurl="true"]https://libertystreeteconomics.newyorkfed.org/2019/05/new-china-tariffs-increase-costs-to-us-households/[/URL]


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