US EditionTariffs: Jobs, Prices, and Retaliation (Re-broadcast)
- Politicians are calling for maintaining or raising tariffs to save jobs and raise revenue, but Kim Clausing argues they negatively impact consumers and U.S. Workers while inviting retaliatory measures from other nations.
- Tariffs have led to increased prices across goods and a decline in consumer spending, indicating negative effects on the economy according to the United States Bureau of Labour Statistics and other economic indicators.
- The EU and Canada have announced retaliatory tariffs on U.S. Exports worth $48.4 billion, affecting the American agricultural industry and raising concerns among farmers.
- Experts, including Warren Buffett, warn that punitive tariffs could fuel inflation, harm consumers, and lead the U.S. Economy to recession.
10 Articles
10 Articles
Trump’s tariffs fuel economic pain for US consumers, businesses and farmers – The Mail & Guardian
A range of economic indicators suggests that the executive orders imposing tariffs since Donald Trump took office are not showing any signs of achieving their intended goals of protecting American enterprises and stimulating economic growth. Instead, these policies have led to increased prices across most categories of goods. From household appliances and everyday necessities at major retailers to steel materials for construction, price hikes h…
Tariffs: Jobs, Prices, and Retaliation (Re-broadcast)
Tariffs are taxes. But unlike most taxes, politicians on both sides of the aisle are calling for maintaining or raising tariffs. The goal is to save jobs and raise revenue. But do tariffs help achieve these objectives? Kim Clausing joins EconoFact Chats to discuss her research on how tariffs negatively impact consumers, shift tax burdens away from the well-off toward lower-income consumers, adversely affect U.S. workers and industries, and invit…
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