Democratic Primaries

saidsimplesimon

(7,888 posts) Sat Dec 28, 2019, 09:23 AM Dec 2019

Tarriffs caused job loss, higher consumer prices

This discussion thread was locked as off-topic by NancyBlueINOklahoma (a host of the Democratic Primaries forum).

Last edited Sat Dec 28, 2019, 09:54 AM - Edit history (1)

https://www.marketwatch.com/story/fed-study-finds-trump-tariffs-backfired-2019-12-27

Published: Dec 27, 2019 3:13 p.m. ET

Gregg Robb
Senior Economics Reporter

2018 tariffs meant job losses, higher prices for U.S. manufacturing sector

President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week.

“We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices,” concluded Fed economists Aaron Flaaen and Justin Pierce, in an academic paper. more at link

EDIT to add DU discussion in progress

https://www.democraticunderground.com/10142412351

If I were to vote in a presidential
primary today, I would vote for: Undecided

4 replies

= new reply since forum marked as read

Highlight:

Tarriffs caused job loss, higher consumer prices (Original Post) saidsimplesimon Dec 2019 OP

And what is a tariff, really? oldsoftie Dec 2019 #1

Trump's response will be "I made thousands of other jobs to replace those lost and Submariner Dec 2019 #2

Yes, and farmers were given a big bailout. saidsimplesimon Dec 2019 #3

oops, you posted in the Primary forum - Locking OKNancy Dec 2019 #4

oldsoftie

(12,716 posts)

1. And what is a tariff, really?

Reply to saidsimplesimon (Original post)

Sat Dec 28, 2019, 10:04 AM

Dec 2019

A tariff is a tax.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

Submariner

(12,526 posts)

2. Trump's response will be "I made thousands of other jobs to replace those lost and

Reply to saidsimplesimon (Original post)

Sat Dec 28, 2019, 10:19 AM

Dec 2019

the higher consumer prices will mean higher profits for businesses I created.” Trump will just lie and call it fake reporting by Democrat traitors.

His base will rave and cheer in delight, and then return to cleaning their guns.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

saidsimplesimon

(7,888 posts)

3. Yes, and farmers were given a big bailout.

Reply to saidsimplesimon (Original post)

Sat Dec 28, 2019, 10:25 AM

Dec 2019

Hypocrites claiming to be fiscal conservatives and are ok now with adding a Trillion to US debt?

If I were to vote in a presidential
primary today, I would vote for: Undecided

OKNancy

(41,832 posts)

4. oops, you posted in the Primary forum - Locking

Reply to saidsimplesimon (Original post)

Sat Dec 28, 2019, 11:05 AM

Dec 2019

please repost in General Discussion

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Democratic Primaries

saidsimplesimon

Tarriffs caused job loss, higher consumer prices

oldsoftie

Submariner

saidsimplesimon

OKNancy

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