President Trump’s on-again off-again tariff policy will have a negative impact on the U.S economy. It will reduce trade and international investment, stifling U.S. business activity.
The effects of trade policy are transmitted through two channels. First, higher tariffs directly reduce trade in goods and services. Second, uncertainty over trade policy discourages trade plus foreign investment into the U.S. The President needs a stable and more predictable trade policy if he wants to “Make America Great Again.”
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