Trump's tariffs are costing Americans $1.4 billion each month, Trumponomics max fail

[reagansghost]

Source: NBC News/CNBC


The study concluded that “the entire incidence of the tariffs fell on domestic consumers and importers,” with “no impact” on the prices received by foreign exporters.

March 26, 2019, 7:39 AM EDT / Source:CNBC .com
By Thomas Franck, CNBC

President Donald Trump’s trade policies and tariffs reduced U.S. income at a rate of $1.4 billion per month by the end of last November, according to new research from the Federal Reserve Bank of New York, Princeton University, and Columbia University.

The collaborative study found that businesses and consumers saw “substantial increases” in the price of goods throughout last year, including a “complete passthrough” of U.S.-imposed tariffs onto imported items. The economists — the New York Fed’s Mary Amiti, Princeton professor Stephen Redding, and Columbia professor David Weinstein — also said Americans suffered by a lack of import variety and disruptions to supply chains.


https://www.nbcnews.com/business/eco...n-each-n987336

[reagansghost]

remember this when Trump says he created Obama's great economy

[Getin the ring]

remember this when Trump says he created Obama's great economy

"remember this when Trump says he created Obama's great economy"

triggered.jpg

[canceled.2021.2]

Source: NBC News/CNBC


The study concluded that “the entire incidence of the tariffs fell on domestic consumers and importers,” with “no impact” on the prices received by foreign exporters.

March 26, 2019, 7:39 AM EDT / Source:CNBC .com
By Thomas Franck, CNBC

President Donald Trump’s trade policies and tariffs reduced U.S. income at a rate of $1.4 billion per month by the end of last November, according to new research from the Federal Reserve Bank of New York, Princeton University, and Columbia University.

The collaborative study found that businesses and consumers saw “substantial increases” in the price of goods throughout last year, including a “complete passthrough” of U.S.-imposed tariffs onto imported items. The economists — the New York Fed’s Mary Amiti, Princeton professor Stephen Redding, and Columbia professor David Weinstein — also said Americans suffered by a lack of import variety and disruptions to supply chains.


https://www.nbcnews.com/business/eco...n-each-n987336

That’s it?

We were told by leftists that it would be worse