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Fed study finds Trump tariffs backfired


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President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week.

“We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices,” concluded Fed economists Aaron Flaaen and Justin Pierce, in an academic paper.

While the tariffs did reduce competition for some industries in the domestic U.S. market, this was more than offset by the effects of rising input costs and retaliatory tariffs, the study found.

 

 

 

https://www.marketwatch.com/story/fed-study-finds-trump-tariffs-backfired-2019-12-27?siteid=yhoof2&yptr=yahoo

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4 hours ago, Squatchman said:

  China is playing with trump.

 They know he is inept and unpopular.

 They're patient and will triumph over trump and the U.S.

 Another foreign policy blunder by trump.

 At least he's consistent.

Record low unemployment

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4 hours ago, Squatchman said:

  China is playing with trump.

 They know he is inept and unpopular.

 They're patient and will triumph over trump and the U.S.

 Another foreign policy blunder by trump.

 At least he's consistent.

Liberals cheering China. Not surprised. 

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17 hours ago, maineman said:

President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week.

“We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices,” concluded Fed economists Aaron Flaaen and Justin Pierce, in an academic paper.

While the tariffs did reduce competition for some industries in the domestic U.S. market, this was more than offset by the effects of rising input costs and retaliatory tariffs, the study found.

 

 

 

https://www.marketwatch.com/story/fed-study-finds-trump-tariffs-backfired-2019-12-27?siteid=yhoof2&yptr=yahoo

 

tRUMP is a dummy .......

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trump...the ""businessman""....I just recently saw Mark Cuban, a REAL billionaire talking about azzhole 45. He mentioned (as everyone knows) that one of the  his failed casinos, he not only defaulted on the loans from the banks, he Bad worded the small investors too. The regular people who just wanted to make a few extra bucks.

 

To this day, the scumbag gloats about it. "we did very well in Atlantic City" he'll say..

 

trump-the-art-of-the-deal-being-an-atheist-gives-13668696.png

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1 hour ago, EltonJohnson said:

 

 

The OP? Its bullcrap...  Trumps tariffs are a tool to end trade imbalances, it’s not over.  

 

 

Explain why unfairr trade is ok... tell us

you seem to believe that tariffs are the only way to end trade imbalances.

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1 hour ago, Squatchman said:

  Getting his ass handed to him by a couple of asians.

 North Korea and China have his number.

 They know he will cave if they hold out.

China is at the negotiating table and north Korea is begging for attention.  Your communist heroes are on the losing end of both conflicts. 

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2 minutes ago, maineman said:

you seem to believe that tariffs are the only way to end trade imbalances.

Trade imbalances were the least of our concerns with China. Intellectual property theft, piracy, currency manipulation, and working conditions are far bigger issues. 

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3 minutes ago, Squatchman said:

  Like you worry about working conditions in China.

  You're not even worried about the conditions in the trump concentration camps for kids.

 Quit your lying.

Illegal aliens are often better off in custody than working as cartel slaves or feeding the child sex trade.

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14 minutes ago, NeoConvict said:

Trade imbalances were the least of our concerns with China. Intellectual property theft, piracy, currency manipulation, and working conditions are far bigger issues. 

and are you suggesting that tariffs are the most proven method of resolving those issues?

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