If enacted tariffs will increase inflation, slow economic growth, and result in US consumers footing the bill <\/p>\n
As Donald Trump threatens to slap steep tariffs<\/a> on many countries, he is boasting that his taxes on imports will be a boon to the US economy, but most economists strongly disagree \u2013 many say Trump\u2019s tariffs will increase inflation, slow economic growth, hurt US workers and result in American consumers footing the bill for his tariffs.<\/p>\n \u201cVirtually all economists think that the impact of the tariffs will be very bad for America and for the world,\u201d said Joseph Stiglitz, an economics professor at Columbia University and a winner of the Nobel memorial prize in economic sciences. \u201cThey will almost surely be inflationary.\u201d<\/p>\n The Guardian is co-publishing this piece with the Century Foundation<\/a><\/em><\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" If enacted tariffs will increase inflation, slow economic growth, and result in US consumers footing the bill As Donald Trump threatens to slap steep tariffs on many countries, he is boasting that his taxes on imports will be a boon to the US economy, but most economists strongly disagree \u2013 many say Trump\u2019s tariffs will … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32037","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/32037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=32037"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/32037\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=32037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=32037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=32037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}