Donald Trump S Trade War Tariffs Reduced Employment At U.S. Factories And Hiked Prices Federal Reserve Study Finds
In March 2018, the Trump administration introduced steel and aluminum tariffs to counter what the president described as “aggressive foreign trade practices.” The president also took aim at Chinese goods as he started a trade war with Beijing that may be soon eased with a preliminary trade deal. However, Federal Reserve economists Aaron Flaaen and Justin Pierce concluded that any gains made by the tariffs in reducing competition for some U....