More than half of imported goods are intermediate items or inputs used in manufacturing. Because the cost of these inputs will rise with the tariffs, total employment in manufacturing and the entire economy will decline or, at best, grow slower.
Robert Krol
Robert Krol is a professor of economics at California State University, Northridge, and the author of forthcoming research on “Political Incentives and Transportation Funding” to be published by the Mercatus Center at George Mason University. Readers may send him email at robert.krol@csun.edu.
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Robert Krol is a professor of economics at California State University, Northridge, and the author of forthcoming research on “Political Incentives and Transportation Funding” to be published by the Mercatus Center at George Mason University. Readers may send him email at robert.krol@csun.edu.
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