Skip to comments.Trumpís Tariffs Harming Economy, Study Finds
Posted on 01/01/2020 11:27:16 AM PST by FlipWilson
A new study from the Federal Reserve found that President Trumps tariffs are backfiring.
According to the Fed study, the tariffs that went into effect in 2018 have led to not only higher producer prices but also a loss of jobs across the U.S. particularly in manufacturing. . .
(Excerpt) Read more at finance.yahoo.com ...
The vast majority of ‘studies’ are conducted by idiots that don’t know fact from opinion.
Oh and another thing, did any of these globalist arsehats even give a damn about manufacturing jobs as they shipped them all to Timbuktu?!!!
Bwahahaha so says the liberal blind man
Yahoo finance or your own eyes you decide.
Industial production is down from year ago levels.
3.5% unemployment and we somehow have a loss of jobs. Bwahahahahaha. Must have been written by a deep state person.
China, please take more American jobs. It is good for our economy.
And fake news Democrat Party propagandist
Trump himself said there would be short-term damage to certain parts of our economy with tariffs so there is no “gotcha” here.
Trump also said the short-term pain would lead to long term gains through new trade agreements and policy. Trump has also stepped in to mitigate the short-term damage when appropriate.
They can spin it all they want, but he is playing for the long game and has said so in speech and demonstrated it with action.
so the trade deficit that’s been shrinking in America’s favor would’ve happened even without those tariffs??
. ..will somebody slap this broad and wake her up!
Manufacturing employment has begun to decline.
November PMI was 48.1, with New Orders, Production, and Employment Contracting.
yet its still higher than anytime obama was president...
The A$$ Hats at Yahoo are such a fine group of socialists... everything a socialist does hurts the economy. If this the only thing they have, STFU Yahoo.
This scum is undermining our country. Find out where she dines, protest in front of her house wearing a mask. Disparage her name unmercifully.
Did she get those Glasses for Halloween?
Does she wash her Hair?
Does she not know you can buy Makeup at CVS?
A large portion of industrial production is based on long-term assets. With any period of rapid economic growth and expansion a large segment of manufacturing will experience rapid growth followed by a leveling off of sales and production.
A construction company for example is unlikely to purchase new bulldozers or other heavy equipment every year as these are long term assets with a useful life of thousands of hours. This is true across industry and it must be baked into the cake even with what has been an unexpectedly vigorous growth of our economy.
Right, I get it. But the US was stuck in a globalist rut of crappy trade deals and allowing China to eat our lunch. Its as if globalism wasnt destroying our industries!! Oh no, its tariffs. Breaking that pattern was NEVER going to be without pain. So according to a study, the long term benefits of breaking the globalist grip is non-existent.
In my mind its akin to saying that the adopt kicking a drug habit was bad and he/she would have been better off staying addicted.
The US has economic power. Trump has employed that power. Like employing/projecting any power there is a cost.