In scenarios of reciprocal tit-for-tat retaliation, any U.S. tariff increase beyond 1 to 2 percent would reduce U.S. consumption by depressing domestic real wages through decreased global demand for U.S. products and restricted access to foreign markets.

Authors

• Person: Not available Organization: Federal Reserve Bank of Dallas
  U.S. tariff outcomes dependent on trading partner responses

Sources

• U.S. tariff outcomes dependent on trading partner responses www.dallasfed.org Federal Reserve Bank of Dallas via serper

Referenced by nodes (3)

• U.S. location
• consumption concept
• tariff increase concept