by Mac Slavo
Obviously, Donald Trump’s tariffs have hurt the United States’ manufacturing sector and cost jobs. Whether you agree that tariffs were necessary or not, the fact remains that someone has to pay them: and it was never the Chinese who were doing so. Economics just doesn’t work that way.
This site has warned that the tariffs were a bad idea from the getgo, and it has nothing to do with anything other than the finite law of economics. As the trade war drags on, economists at the Federal Reserve are now noting that the tariffs have done more harm than good. But we noticed that a long time ago: