Tariffs on China Might Hurt US Economy More Than Expected
How Much Pain? The Answer Depends on Which Country You Choose to Believe
A fully loaded Cosco containership enters the Port of Long Beach in California. (Tim Rue/Bloomberg News)
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New research suggests President Donald Trump’s latest tariffs on imports from China could hit the American economy more than official U.S. trade data indicate.
The impact, according to a study from economists at the Federal Reserve Bank of New York, will be especially severe if the Trump administration ends favorable treatment of so-called de minimis imports — or those valued at less than $800.
“U.S. imports from China have decreased by much less than has been reported in official U.S. statistics,” Hunter L. Clark, a New York Fed researcher, wrote in a blog post published Feb. 26. “As a result, the recent tariff increase on China could have a lar…
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