“A study this month by Warwick McKibbin and Marcus Noland of the Peterson Institute for International Economics concluded that the 25% tariffs on Canada and Mexico and 10% tariffs on China \u201cwould damage all the economies involved, including the U.S.\u2019\u2019\u201c<\/p>\n\n\n\n
For Mexico,\u2019\u2019 the study said, \u201ca 25% tariff would be catastrophic. Moreover, the economic decline caused by the tariff could increase the incentives for Mexican immigrants to cross the border illegally into the U.S. \u2014 directly contradicting another Trump administration priority.\u2019\u2019<\/p>\n\n\n\n
Cutler, now vice president at the Asia Society Policy Institute, said the extent of the economic damage will depend on how long the tariffs are in effect.<\/p>\n\n\n\n
If it\u2019s just a few days, \u201cthat\u2019s one thing. If they are in place for weeks onto months, we\u2019re going to see supply chain disruptions, higher costs for U.S. manufacturers, leading to higher prices for U.S. consumers,\u2019\u2019 she said. \u201cIt could have macroeconomic impacts. It could affect the stock market. Then internationally it could lead to more tension with our trading partners and make it harder for us to work with<\/p>\n\n\n\n
them.””<\/p>\n\n\n\n
https:\/\/www.yahoo.com\/news\/white-house-says-trump-tariffs-184354384.html<\/p>\n","protected":false},"excerpt":{"rendered":"
“A study this month by Warwick McKibbin and Marcus Noland of the Peterson Institute for International Economics concluded that the 25% tariffs on Canada and Mexico and 10% tariffs on China \u201cwould damage all the economies involved, including the U.S.\u2019\u2019\u201c<\/p>\n
For Mexico,\u2019\u2019 the study said, \u201ca 25% tariff would be catastrophic. Moreover, the economic decline caused by the tariff could increase the incentives for Mexican immigrants to cross the border illegally into the U.S. \u2014 directly contradicting another Trump administration priority.\u2019\u2019<\/p>\n
Cutler, now vice president at the Asia Society Policy Institute, said the extent of the economic damage will depend on how long the tariffs are in effect.<\/p>\n
If it\u2019s just a few days, \u201cthat\u2019s one thing. If they are in place for weeks onto months, we\u2019re going to see supply chain disruptions, higher costs for U.S. manufacturers, leading to higher prices for U.S. consumers,\u2019\u2019 she said. \u201cIt could have macroeconomic impacts. It could affect the stock market. Then internationally it could lead to more tension with our trading partners and make it harder for us to work with <\/p>\n
them.””https:\/\/www.yahoo.com\/news\/white-house-says-trump-tariffs-184354384.html<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[293,89,221,217,165,272,355,314,945,208,226,170],"class_list":["post-16279","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-canada","tag-china","tag-donald-trump","tag-economics","tag-economy","tag-foreign-affairs","tag-foreign-policy","tag-international-relations","tag-mexico","tag-tariffs","tag-trade","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16279"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16279\/revisions"}],"predecessor-version":[{"id":16280,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16279\/revisions\/16280"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}