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The effect of tariffs

 
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pilight



Joined: 23 Sep 2004
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PostPosted: 12/30/19 12:22 pm    ::: The effect of tariffs Reply Reply with quote

https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf

Quote:
We find that U.S. manufacturing industries more exposed to tariff increases experience relative reductions in employment as a positive effect from import protection is offset by larger negative effects from rising input costs and retaliatory tariffs. Higher tariffs are also associated with relative increases in producer prices via rising input costs.



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tfan



Joined: 31 May 2010
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PostPosted: 01/16/20 11:39 pm    ::: Re: The effect of tariffs Reply Reply with quote

pilight wrote:
https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf

Quote:
We find that U.S. manufacturing industries more exposed to tariff increases experience relative reductions in employment as a positive effect from import protection is offset by larger negative effects from rising input costs and retaliatory tariffs. Higher tariffs are also associated with relative increases in producer prices via rising input costs.


What? U.S. manufacturing industries more exposed to tariff increases? What does that mean? They buy imported goods being hit with tariffs or they export goods being hit by Chinese tariffs? And how is "relative reductions in employment" a "positive effect from import protection"?

But in the end, the elite favor job export and will fight any attempt to counter it. But 25% tariffs aren't going to get companies to bring jobs back from a country where workers make 1/4 or less of American workers. The only thing they can do is get China to change their behavior a little with regard to stealing intellectual property and being closed or restrictive to American imports. So in the end the elite have their way - US manufacturing will continue to take place in China.


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