White House Analysis Finds Tariffs Will Hurt Growth, as Officials Insist Otherwise
Source: New York Times
WASHINGTON A White House economic analysis of President Trumps trade agenda has concluded that Mr. Trumps tariffs will hurt economic growth in the United States, according to several people familiar with the research.
The findings from the White House Council of Economic Advisers have been circulated only internally and not publicly released, as is often the case with the councils work, making the exact economic projections unknown. But the determination comes as top White House officials continue to insist publicly that Mr. Trumps trade approach will be massively good for the U.S. economy.
The chairman of the Council of Economic Advisers, Kevin Hassett, an economist who came to the administration from the American Enterprise Institute, a conservative think tank, dodged questions at a White House briefing on Tuesday about whether tariffs would hurt an economy that has accelerated during Mr. Trumps tenure.
Asked whether the administrations economists had modeled the impact that a trade war with China would have on the United States economy, Mr. Hassett said Mr. Trump was a great negotiator who would persuade other countries to open their markets to American products.
Read more: https://www.nytimes.com/2018/06/07/us/politics/white-house-tariffs-growth.html
DEEP STATE!
underpants
(182,904 posts)jayschool2013
(2,313 posts)"Massively good" is considered detailed analysis among the Trumpistas.
tanyev
(42,622 posts)bigbrother05
(5,995 posts)Deep State and Fake News are his go to lines when he's been caught in a lie, that's why we hear them so often.
bucolic_frolic
(43,311 posts)loose money is fueling the growth even as inflation moves up. they did this in the 1970s and the dollar tanked as a result.
stockpiling foreign-made consumables is not a bad idea here
turbinetree
(24,720 posts)has said this.................happy horseshit.......................
"The chairman of the Council of Economic Advisers, Kevin Hassett, an economist who came to the administration from the American Enterprise Institute, a conservative think tank, dodged questions at a White House briefing on Tuesday about whether tariffs would hurt an economy that has accelerated during Mr. Trumps tenure.
Asked whether the administrations economists had modeled the impact that a trade war with China would have on the United States economy, Mr. Hassett said Mr. Trump was a great negotiator who would persuade other countries to open their markets to American products."
No, his approach will not be good for the economy..........you are wrong again, dude from the American Enterprise Institute for Koch's and by Koch's that he is paid with...................every time I read or hear the words American Enterprise Institute , I think of Jane Mayer's book "Dark Money"...................
November 2018 cannot get here fast enough