Myths Regarding Impact of Tariffs’ Impact on the Global Economy Economy
NC State SCRC
DECEMBER 17, 2024
President-elect Trump has offered that he will be instituting 10% tariffs on China, 25% on Mexico and Canada, and perhaps other tariffs, including on Korean products. Notice two periods of strong growth in manufacturing: 1996-2000 and then 2003 – 2007. Many US manufacturers buy a lot of their components and inputs from China.
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