Monday, May 20, 2024

Economists surveyed come out strongly against tariffs

See Tariffs.

Question A:

Tripling existing import taxes on Chinese steel and aluminum products would lead to measurably higher employment in the US steel industry over the next five years.

 

Question B:

Tripling the tariffs would lead to measurably higher steel and aluminum prices for American producers and measurably higher finished-good prices for American consumers.


Question C:

The gains for the American economy from tripling the tariffs would measurably outweigh the losses. 


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