Degrowth Donald
Reposted from
Ernie Tedeschi
The 25% automobile tariffs:
• increase auto prices by 13.5%, the equivalent of $6,400 on the average new car.
• **reduce** US auto production & increase Chinese auto production in the long-run if other countries retaliate to our tariffs.
• Reduce long- & short-run US GDP
1/2
• increase auto prices by 13.5%, the equivalent of $6,400 on the average new car.
• **reduce** US auto production & increase Chinese auto production in the long-run if other countries retaliate to our tariffs.
• Reduce long- & short-run US GDP
1/2
Comments