the President, Donald Trump has been since the beginning of the year 2018, used the customs duties as a major part of its trade policy in the Asia pacific, Europe and Latin america. In the domestic debate, has been The described duties, which have left hundreds of billions of dollars, is a sign of success and a positive impact on american industry and the american people.
the us federal reserve system, the Federal Reserve, that the effect has been the opposite, writes ABC News.
this report notes, the u.s. Federal Reserve, the export-dependent u.s. manufacturing sector has been negatively impacted by the charges that The use of the following:
”Our results show that the elimination of tariffs has not provided a boost to the number of jobs in the manufacturing sector, or an increase in production, rather than increasing the cost of production. While the long-term effects of tariffs could be different from the ones we have now appreciated, as the results indicate, that the fees and charges, so far, has not led to an increase in business activity in the u.s. manufacturing sector.”
the authors of the report note that the positive effects may have resulted from the contributions exceeded the negative ones.
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