Michel and Kedia write:
“The justification for the president’s trade policies keeps getting stranger by the day and moving further away from anything recognizable as economics.
The truth is tariffs result in higher prices and fewer goods available for sale in the United States. The higher and more widespread the tariffs, the bigger the reduction in goods and the larger the price increases. These tariffs are a recipe for making Americans worse off, and the president’s defenders should leave the Fed out of it.”
You can read the full piece here. If you would like to speak with Michel or Kedia, please reach out to pr@cato.org.
