{"id":15252,"date":"2024-11-04T19:25:11","date_gmt":"2024-11-04T19:25:11","guid":{"rendered":"https:\/\/lonecandle.com\/?p=15252"},"modified":"2024-11-04T19:25:11","modified_gmt":"2024-11-04T19:25:11","slug":"increase-in-tariffs-would-trigger-global-economic-decline-study-finds","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=15252","title":{"rendered":"Increase in Tariffs Would Trigger Global Economic Decline, Study Finds"},"content":{"rendered":"\n

“When asked why Harris has not distinguished herself by opposing these measures, Lincicome notes that supporting tariffs is just part of the “conventional wisdom in Washington today” even if polls<\/a> may not completely support this assertion. “The view among the political experts is that elections are won or lost in a few places with a few votes,” and those critical “voters like tariffs.”<\/p>\n\n\n\n

Given the IMF’s projections, bipartisan support for tariffs could lead to increased costs and slower economic growth for Americans regardless of who wins in November. “<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“former President Donald Trump floated<\/a> a specific 60 percent tariff on Chinese goods alongside a 10 percent across-the-board tariff, which he recently increased to 20 percent<\/a>. “It’s just what he thinks galvanized an audience,” Scott Lincicome, vice president of general economics and Stiefel Trade Policy Center at the Cato Institute, tells Reason<\/em>. “Let’s face it, none of this has any rigorous econometric modeling behind it, so it could be as simple as he thinks 20 percent sounds better.”<\/p>\n\n\n\n

“Taking the candidates at their word, you would have to say that Trump’s tariffs would be orders of magnitude worse than what Kamala Harris might do, or say she will do,” Lincicome adds.”<\/p>\n\n\n\n

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Increase in Tariffs Would Trigger Global Economic Decline, Study Finds<\/a><\/blockquote>