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Some excerpts: > In the medium-to-long run, the size of the US economy is persistently 0.2% smaller in real terms under the package > The average effective ta
by WorkerBee28474 2y ago
Some excerpts:
> In the medium-to-long run, the size of the US economy is persistently 0.2% smaller in real terms under the package
> The average effective tariff rate would rise by approximately 6.1-6.3 percentage points under the proposal, once consumers and businesses substituted towards domestic or non-tariffed imported goods.
> The individual commodity with the largest price increase is natural gas. The average price rises 8.4%
> Crude oil prices rise 1.1% in the long run.
> Auto prices rise 3.9% on average,
- ortusdux 2y agoThanks for the summary. Did they factor in any of the recently announced retaliatory tariffs?
- incognition 2y agoAt the imminent level. The tariff rate can and likely will go up.
- deleted 2y ago[deleted]
- readthenotes1 2y agoHow did these peeps do predicting the effects of Trump's first round of tariffs back in 2018 (the ones Biden kept in place)?