The Briefing Room

General Category => Economy/Business => Topic started by: ABX on March 05, 2019, 04:52:32 pm

Title: Trump's trade war cost Americans $1.4 billion a month last year, according to a new report
Post by: ABX on March 05, 2019, 04:52:32 pm

Quote

Protectionist trade policies cost American consumers and importers $1.4 billion a month at the end of 2018, according to a new study.
While President Donald Trump has claimed foreign companies pay tariffs, economists say that isn't true.
If the tariffs that were in place at the end of 2018 were to continue, about $165 billion dollars of trade a year would continue to be redirected.....

https://markets.businessinsider.com/news/stocks/trump-trade-war-cost-americans-14-billion-per-month-last-year-2019-3-1028002357?fbclid=iwar25jgbr2a37qq-qoei7aa5hpchlhl53dmawig2erzajtvagt23sxib8fbi