Wednesday, May 8, 2019

Disagree . . .


(from https://www.nbcnews.com/business/economy/despite-what-trump-says-tariffs-aren-t-boosting-american-economy-n1002331)
". . . Trump asserted that the tariffs already in place have boosted the economy. . .“These payments are partially responsible for our great economic results,” he tweeted on Sunday. . . Economists disagree. . .“It’s pretty hard to justify the argument that tariffs have strengthened the economy,” said Dan North, chief economist at Euler Hermes North America. “In the first quarter GDP report, there was a very sharp reduction in imports. Of course that makes GDP look bigger, so that would be a result of the tariffs coming into play. However, that is not a way to grow an economy,” he said. . ."





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