Donald Trump's 2018–2019 tariffs adversely affected employment in the manufacturing industries that the tariffs were intended to protect. This is because the small positive effect from import protection was offset by larger negative effects from rising input costs and retaliatory tariffs.
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#DonaldTrump #Tariffs #Manufacturing #Employment #TradeWar
Read Full Article
#DonaldTrump #Tariffs #Manufacturing #Employment #TradeWar
MIT Press
Disentangling the Effects of the 2018-2019 Tariffs on a Globally Connected U.S. Manufacturing Sector
Abstract. This paper estimates the relationship between the U.S. tariff increases of 2018-2019 and outcomes in domestic manufacturing. Despite being intended to boost manufacturing activity, we find U.S. industries more exposed to tariff increases experience…
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