Newspaper Donal Trump Tariff Impact

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Good article about the new policy of America

 

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Many trade models fail to capture the full harm of tariffs. PWBM projects Trump’s tariffs (April 8, 2025) would reduce GDP by about 8% and wages by 7%. A middle-income household faces a $58K lifetime loss. These losses are twice as large as a revenue-equivalent corporate tax increase from 21% to 36%, an otherwise highly distorting tax.