Economists are trying to quantify what Trump’s trade wars could do to the economy. There’s little precedent

Q: How long will it take to read this news story?

The story "Economists are trying to quantify what Trump’s trade wars could do to the economy. There’s little precedent" has 1760 words across 5 sentences, which will take approximately 8 - 15 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Economists are trying to quantify what Trump’s trade wars could do to the economy. There’s little precedent" was covered 18 hours ago by Fortune, a news publisher based in United States.

Q: How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news. The outlet is headquartered in United States and publishes an average of 12 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27020720</li><li>URL: https://beamstart.com/news/economists-are-trying-to-quantify-17420295847221</li></ul>

Fortune Logo Fortune 18h ago

Economists are trying to quantify what Trump’s trade wars could do to the economy. There’s little precedent - Fortune

Quick Summary:

Meanwhile, says Trump, past leaders have left the U.S.naively open territory to the inflow of goods produced in Shanghai, Ontario, or Monterrey that grab sales from the cars and steel produced in Michigan, Wisconsin, and Pennsylvania.

So far, the EU, Canada, and China have announced $100 billion in new tariffs on U.S.imports to counter Trump’s offensive.

His solution for shrinking that gap: the big tariffs that render goods from abroad much more expensive within our borders, digging a protective moat that encourages the stateside construction of factories for the likes of chips and autos—industries where U.S.-based players now struggle in outdueling cheaper versions made in China or Canada.