US president Donald Trump’s import tariffs restrained growth in US exports due to global supply-chain spillovers, new Federal Reserve research finds.
Almost a quarter of US exporters relied on imported input goods that were subjected to tariffs, Kyle Handley, Fariha Kamal, and Ryan Monarch find.
From 2018 to 2019, Trump imposed a series of tariffs, which by August 2019 were levied on $290 billion of US imports. The authors examine the impact on US exporters over the two-year period using
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