After a brief reprieve following the inauguration where it looked like President Trump may have been open to not starting a trade war, it looks like tariffs are back on the table, with him reiterating how big of a fan of tariffs he was in a rambling press conference, and then again in his remarks to the World Economic Forum in Davos. Economists have been scrambling to understand the potential impact of these across-the-board tariffs of the US’s two biggest trading partners, and the results look terrible. 25% tariffs like what President Trump is suggesting would carve 2.5% GDP off […]
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