Would tariffs on imports expand the economy, or shrink it?
Would tariffs on imports expand the economy, or shrink it?
The Commerce Department said today the economy grew more than thought in the third quarter of this year. The department now says Gross Domestic Product grew at an annual rate of 3.5 percent — up from the preliminary 3.2 percent. If President-elect Donald Trump raises tariffs on imports, as he says he will, how will that affect GDP?
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