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Americans don't think import tariffs are a good idea if they lead to higher prices and are skeptical they would help U.S. workers, a Reuters/Ipsos poll found, underscoring the political risks to ...
Some secessionist documents do mention a tariff issue, though not nearly as often as the preservation of the institution of slavery. However, a few libertarian economists place more importance on the tariff issue. [63] The arguments that tariffs were a major cause of the Civil War have become a staple of the Lost Cause of the Confederacy.
Inflation is moderating, but economists expect that trend could reverse quickly if Donald Trump follows through with a proposal to impose 10%-20% tariffs on all imports and a 60% tariff on Chinese ...
But higher tariffs can quickly fuel cascades of price increases if Americans expect higher inflation because of them and demand higher wages, which, in turn, could result in businesses continuing ...
The catch, according to economists, is that tariffs can lead to higher interest rates and reignite inflation. Autozone and Stanley Black & Decker have already said the companies would pass on ...
Lobbing new tariffs on China and other countries right now would cause a one-time boost to the rate of inflation – a risky strategy given concerns about the cost of living and borrowing costs ...
Those tariffs did cause limited harm by raising costs to some US producers. But that came at a relatively benign time for the economy, when inflation was low and the massive COVID-era supply chain ...
Fact-checkers and economists described the assertions made by Trump as false, with the Associated Press writing "Almost all economists say the president is wrong. That's because tariffs are taxes on imports. They can cause higher prices, reduce trade among countries and hurt overall economic growth as a result." [52] [53]