The Impact of Trump's Tariffs on the U.S. Economy

SOURCE www.breitbart.com
The New York Fed claims that Trump's tariffs inflicted trillions of dollars in economic harm, but the study fails to consider the overall economic prosperity during the Trump presidency. Tariffs were a necessary correction to address one-sided trade relationships with China.

Key Points

  • The study fails to consider the overall economic prosperity during the Trump presidency
  • Tariffs were necessary to address the lopsided U.S.-China trade relationship
  • Long-term benefits of trade policy recalibration outweighed short-term volatility

Pros

  • Tariffs forced China to negotiate fair trade terms
  • Signaled U.S. intolerance for one-sided trade relationships
  • Led to a recalibration of global trade and supply chains

Cons

  • Initial disruption and volatility in the stock market
  • Temporary negative sentiment and uncertainty in markets