US Industrial Output To Be Worst Hit Globally by Trump Tariffs

Newsweek cited CEI’s expert on tariffs

Ryan Young, senior economist at the Competitive Enterprise Institute, previously told Newsweek: “Tariff-related shipping slowdowns will cause a regional cascade effect in the U.S, a little like when Covid-19 first hit.

“More than half of U.S. imports aren’t consumer goods, they’re intermediate goods that U.S. businesses use to make their products here in America,” he added. “Retail shoppers will notice higher prices and fewer goods, and that will get most of the headlines. But businesses, especially smaller ones, will be paying more for components, machinery, and raw materials used in everything from cars to musical instruments to lighting fixtures.”

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