Making an attempt to defend Trump’s tariffs, the White Home factors to research that present they elevate costs, lower manufacturing output, and result in pricey retaliation.
On President Donald Trump‘s so-called “Liberation Day,” when he carried out new tariffs on almost all U.S. buying and selling companions, the White Home published an article defending tariffs.
“Regardless of the rhetoric from politicians and the media, research have repeatedly proven tariffs are an efficient device for reaching financial and strategic targets—simply as they did in President Trump’s first time period,” the White Home claimed.
However the experiences listed inform a special story: Tariffs elevate costs and result in much less manufacturing output and dear retaliation.
Let’s take a more in-depth have a look at the sources cited by the White Home and see what they really say.
This can be a preview of our full op-ed initially printed in Purpose.
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