The Fed Says Trump's Trade War Hurt the U.S. Economy
Contact your Representatives and ask them how they plan to help our economy
Bloomberg Reports: Fed Arms Trump’s Trade Doves With Evidence of Tariff Damage
Trump's trade war has taken a hit to the U.S. economy. A recent report released by the Fed states that tariffs drove up the cost of inputs for American manufacturers. This led to a loss in manufacturing jobs and higher factory gate prices. This has also stalled business investment.
The Fed paper is noteworthy for a few reasons. First, it came from an institution Trump has belittled and bemoaned for more than a year for keeping interest rates too high. It’s also the latest in a series of credible research that blows holes in arguments for import taxes just as the White House prepares to chalk up a trade win against China after nearly two years of tariff pressure.
In the end, this confirms that tariffs do more economic harm than good.
The see more content like this, help support Future Majority here.
#TrumpSlump Stresses Global MarketsWall Street Journal Reports: U.S. Stocks Fall on Fresh Trade Tensions U.S. stocks fall as a result of Trump's tweet saying he Infrastructure
Majority of Americans Believe Anti-Abortion Laws Work Against WomenKFF Reports : Abortion Knowledge and Attitudes: KFF Polling and Policy Insights A recent poll conducted by the Kaiser Family Reproductive Rights
Study Finds: Women Denied Abortions Live in Financial Stress Years LaterCBS News Reports : Women denied abortions live in financial distress years later, study finds When denied an abortion, women are Reproductive Rights