Historically, U.S. tariff increases cause a drag on economic growth, resulting in an immediate reduction of imports and a lagged decline in exports while pushing down total Gross Domestic Product, including manufacturing activity and compensation for manufacturing workers.

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