Scott Lincicome: How Much Will You Pay To ‘Buy American’?
How much are you willing to pay to “buy American”? Just asking questions.
In April, President Donald Trump unilaterally unleashed a series of so-called reciprocal tariffs, using emergency powers to punish countries with a trade imbalance, meaning they export more to the U.S. than they import from the U.S.
Markets panicked, and Trump pulled back, setting a new deadline that he’s now pushed back multiple times. It’s now set to expire on August 1.
But those aren’t the only tariffs Trump has implemented, and there are some signs they may be already driving up prices. The administration says the stock market is strong, tariffs are bringing in billions in revenue, and American manufacturing is back, baby.
To help us figure out what tariffs might do to the U.S. economy, analyze how Trump is using trade as a foreign policy
Article from Reason.com
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