Tariffs reduce overall productivity in the long run by incentivizing the reallocation of employment and investment toward higher-cost, less efficient sectors of the economy.

Authors

• Person: Not available Organization: Tax Foundation
  Trump Tariffs: Prices & Long-Term Economic Effects - Tax Foundation

Sources

• Trump Tariffs: Prices & Long-Term Economic Effects - Tax Foundation taxfoundation.org Tax Foundation via serper

Referenced by nodes (4)

• tariff concept
• productivity concept
• investment concept
• employment concept