Trump’s Tariffs Harming Economy, Study Finds

Yahoo Finance ^ | 12/31/19 | Adriana Belmonte

[FlipWilson]

A new study from the Federal Reserve found that President Trump’s 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. . .

[a fool in paradise]

Because certainly it can’t be because of states charging sales tax for a lot of mail order items now...

[CodeToad]

NYT. Little girls looking to play dress up.

[Bishop_Malachi]

Am I reading he graph wrong? It shows that IP took a dip during the “Great Recession” but began a recovery in 2010-2011 that has continued largely to this day.

[DoughtyOne]

Yeah, I’ve never seen the numbers look so bad... /s

Do these folks ever pull their heads out and look around?

[HamiltonJay]

Wait a minute... so manufacturing jobs are growing since Trump took office. Mainly due to agressive trade policies against China and others but, those same policies are costing manufacturing jobs???

Nonsense

[entropy12]

So you prefer we lose more MANUFACTURING jobs to China?
MANUFACTURING jobs are primarily middle class jobs and the #1 creator of wealth.

Any other method by previous presidents worked better to prevent loss of manufacturing jobs, which are primarily middle class jobs?

Any idiot with 1 ounce of brain understands that china is not going to give up trade surpluses without a fight. Tariffs are the only weapon USA has to reduce trade deficits. And there will be lot of pain during a trade war. As the price of Chinese imports goes higher due to tariffs, competitive position of American manufacturing gains advantage. Of course this is not going to happen in one month or even one year. Because it takes lot of time and resources to set up new manufacturing infra-structure.

Bottom line: We are winning! Just look at Chinese economy status, it is very ugly. While our economy is doing very well.

[wardamneagle]

More garbage from the deep state.

[DannyTN]

This just goes to show that a study can claim anything despite overwhelming evidence to the contrary.

[SaveFerris]

[ Trump’s Tariffs Harming Economy, Study Finds ]

Trump’s Tariffs Harming Economy, Globalist-New-World-Order-Butt-Hurt-Deep-State Democrats Find

(there, fixed the headline)

[CDB]

"Relocation of supply chains" is incredibly significant, but does NOT happen overnight. Hang in there, President Trump. There is NO instant gratification, here, but there is eventual gratification.

"The U.S.-China trade war has had a huge impact on the supply chains in China, accelerating their relocation that had already begun due to rising taxes, costs of labor, and other input factors. The exodus reported in the past year is only the tip of the iceberg, as more serious effects will not become apparent immediately. [emphasis added] A major effect of the relocation on China is job losses, which may reach as many as 5 million in the coming years. Given the unlikeliness of a quick end to the trade war and the reluctance of the Chinese Communist Party (CCP) to make structural changes, the long-term prospects for supply chains in China are not promising because not only will existing firms gradually reduce their exposure to political and economic uncertainties, but also potential newcomers are likely to avoid China. Although the CCP rolled out some policies that may help alleviate the shock, it has yet to come up with specific policies to effectively address the problem."

From the Hoover Institution

[SoConPubbie]

Help wanted: Too many jobs and not enough workers in most states

Don't confuse the Troll. He is on a Roll!

[apoliticalone]

What has really harmed our economy are Democrats intentionally weakening Trump for their on political gain however minuscule it might be. It potentially put him in a weaker bargaining position with China etc.

[Bogey78O]

It hurt America’s economy.

And what was the alternative?

Chemotherapy hurts a patient. Cancer hurts even more.

China had to be stopped from sapping our exonomy. This slowed them down.

[EvilCapitalist]

Maybe they’re hurting the Chinese economy, but not ours.

[SecAmndmt]

IOW, according to the Fed, the federal income tax (income tariff) on citizens and legal residents of the US is good for the economy, while the tariff on foreign made goods is bad.

Thanks Federal Reserve. So when will you be opening up your books for the full audit?

[SaveFerris]

[Yahoo...the fine folks that pay Michael Isikoff to print Dossier dirt leaked by Comey just so he could use it as a “second source”.]

Yep

[bigbob]

Just to note, I wasn't one who denied the trend, just pointed out that PMI is going to lag investment. Capex has to be viewed long-term, and when you look at where it is now vs. a few years ago, even a small dip is tolerable. The latest chart I could find is for 2017, but it provides some context:

I think that the tariffs have impacted capex in some segments, but that it will be a temporary dip rather than a trend. Ag spending would be one example, and there are already indications that China has caved and will resume buying US soybeans which will hopefully cause spending to resume. Anecdotally, I live in farm country and the agribiz people here have remained upbeat throughout. They may delay spending on new equipment but are supportive of the larger goals behind the tarrifs. You don't see visible impact in ag-related businesses, most of which are hiring.

[cranked]

Fake News along with a fake study....*yawn*

[Romans Nine]

Poor girl.

Her education has ruined her but she doesn’t know it.

[BeauBo]

“have led to not only higher producer prices but also a loss of jobs across the U.S.”

Not actually LESS jobs, just less than their twisted models predict would have existed, if Leftist policies were in place.

We should trust their models, rather than our own lying eyes.