Across the period of U.S. history studied, tariff increases caused an immediate and sharp reduction in imports followed by a lagged decline in exports, as GDP, aggregate demand, manufacturing activity, and production-worker compensation all contracted.

Authors

• Person: Not available Organization: Washington Center for Equitable Growth
  New research examines the historical macroeconomic effects of ...

Sources

• New research examines the historical macroeconomic effects of ... equitablegrowth.org Washington Center for Equitable Growth via serper

Referenced by nodes (2)

• U.S. location
• GDP concept