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What is The Return To Protectionism about?

The paper analyzes the short-run economic impacts of the U.S. return to protectionism through increased tariffs in 2018, which led to significant declines in imports and exports, resulting in a $51 billion loss for U.S. consumers and firms. The authors estimate that the overall real income loss for the U.S. economy was $7.2 billion, or 0.04% of GDP, while highlighting that the effects were uneven across regions and sectors, particularly affecting tradeable-sector workers in Republican-leaning counties. The

Author

toluuu

Language

EN