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Factors influencing the economic impact of tariffs on the U.S. include the magnitude and scope of the tariffs, the duration of the tariffs, potential foreign retribution on U.S. exports, foreign sourcing shifts away from the U.S., and the extent to which U.S. businesses increase imports to avoid future tariffs.
Authors
Sources
- U.S. Trade and Tariffs: A Long-Term Perspective - UW-Stevens Point | blog.uwsp.edu via serper