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Would tariffs on imports expand the economy, or shrink it?

Nancy Marshall-Genzer Dec 22, 2016
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STR/AFP/Getty Images

Would tariffs on imports expand the economy, or shrink it?

Nancy Marshall-Genzer Dec 22, 2016
STR/AFP/Getty Images
HTML EMBED:
COPY

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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