“The average effective tariff rate on imports into the US will be 18%, up from 2.3% last year – the highest level since the infamous Smoot-Hawley tariffs of 1930 worsened the Great Depression.”
Trump is losing his foolish trade war. This will cost ordinary Americans greatly | Steven Greenhouse
Trump is losing his foolish trade war. This will cost ordinary Americans greatly | Steven Greenhouse
Trump’s trade war has pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputter