Trade War Biggest Blunder Ever Costing U.S. Bigly

Trade War

A year and a half after President Donald Trump’s trade war with China began, the economic data is becoming irrefutable: American consumers and businesses have paid for the full cost of the tariffs, and then some. Plus those higher costs have significantly dampened U.S. export growth. For example, after an initial surge of optimism, the American steel industry seems to have not benefited much from the Trump administration’s protectionism. Major steel producers like U.S. Steel and Nucor have slowed production amid slackening demand, laid off some workers, and seen their stock prices tank during the past two years.

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#tariffs #federalreserve #princeton #columbia #China #Navarro #protectionism #tradewar #ussteel #nucor #audiocontrol #universityofmichigan #censusbureau #GDP #export #imports