Trump’s tariffs have backfired, at least so far, Federal Reserve reports

President Trump has promoted his trade policy, specifically his tariffs on imported goods, as a means of reviving American manufacturing. It has done the opposite, according to a new study from Federal Reserve economists. Trump’s trade war with China and other countries has led to higher consumer prices, failed to boost U.S. manufacturing, and led to domestic job losses.

Article URL : https://news.yahoo.com/trumps-tariffs-backfired-least-far-082213977.html

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