Some Last Pictures: Trade War 2.0

Impact on a typical family:

Source: Brendan Duke, CAP.

From McKibben, Hogan, Noland (2024), cost to US economy from 10% tariffs, in GDP and inflation (deviation from baseline):

Additional 60% tariffs on Chinese imported goods.

FromĀ  Alec Phillips, David Mericle and Tim Krupa (Goldman Sachs, 3 September 2024):

And we haven’t even considered the economic implications of mass deportations.

 

Leave a Reply

Your email address will not be published. Required fields are marked *