Wednesday, 14 March 2018

Economist's views on tariffs

The IGM Economic Experts Panel at the University of Chicago's Booth School of Business were asked their views on the statement
Imposing new US tariffs on steel and aluminum will improve Americans’ welfare.

And yes 100% of those who answered either disagreed or strongly disagreed with the statement (Three people did not answer, if you want to know why the numbers only add up to 93%.)

Yes 100%.

In short, economists do sometimes agree, and one thing they agree on is that tariffs are bad.

Politicians take note.

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