RT @WSJ: Prices of everyday core goods, which haven’t risen in years, now are creeping upward, even before many of President Trump’s threat….

RT @Newsweek: Economists point to the confusion and uncertainty over tariffs as the reason for the stock market's recent decline. https://t….

RT @bansaw99: @scottlincicome

RT @Newsweek: Economists say tariffs could get in the way of Trump's promise to make housing more affordable.

It seems that unfortunately the aluminum sector is still struggling even after the tariffs in 2018. I am sure this new round of tariffs will work.

RT @Newsweek: The tariffs are targeting a rule that allows Chinese retailers like Shein and Temu to avoid paying duties on packages worth $….

U.S. exports grew in Q3, including in computer parts 

RT @JIntlEcon: JIE is pleased to announce that the 'Dynamic Quantitative Trade' Conference successfully took place in @WIeconomics on Novem….

RT @EconChrisClarke: Retaliatory tariffs & global supply chains mean the standard Econ 101 models are too rosey argues @BrianCAlbrecht. It'….

RT @BrianCAlbrecht: You, a genius reasoning from accounting identities: “Tariffs raise GDP by reducing imports.”. Me, a humble reader of ec….

RT @KClausing: (1/3) Oren Cass had a piece recently in the Atlantic ( that mischaracterizes what we know (and don’t….

Really great piece- economists predict what would happen because they studied what actually happened. It's a social "science" because our conclusions are based on studying data.

We know what would happen because we studied what happened! Economists- studying the "real world"- have shown that this tariff policy would be devastating to the US economy. The offered justifications in this opinion piece just don't cut it. END

And plenty of economic research has shown that US buyers are the ones who faced higher prices (and thus boosted government revenue) from Trump's tariffs. 11/N

As for tariffs boosting government revenue? A 25% tariff means an importer pays the US government 25% of their imported good's value. But since high tariffs reduce imports, revenue will be lower with higher tariffs. If tariffs stop all imports, then there's no revenue. 10/N

It is of course also the case that for Trump's earlier "national security" tariffs on metals, military allies such as Canada and the European Union were affected, for which there is no national security justification and led to retaliation. 9/N

Next, remember that the proposed policy is a 10-20% tariff on all imports. These are not "targeted tariffs". Making tablecloths and light bulbs more expensive helps "build the military"? 8/N

In particular,@Aaronflaaen and Justin Pierce showed: "We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices." 7/N.

Economic research has demonstrated that higher imports contributed to job losses and lower wages. However, economic research has also shown that job losses as a result of Trump's tariffs are greater than the number of jobs saved, meaning tariffs worsened the situation. 6/N

Nope. This is because, exactly as economists would predict, imports and exports both fell as a result of the tariffs, as shown in recent research by me,@KyleLHandley, and@farihakamal2011. US companies were hurt by US import tariffs, and reduced their exports. 5/N