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Economists Say Trump’s Tariffs Are Unfavorable for U.S. Growth

Jeff Kearns, Bloomberg

The National Association for Business Economics survey showed:

  • 91 percent of respondents said current tariffs and threats of more to come were having “unfavorable consequential impacts” on the U.S. economy, according to a report released Monday.
  • About two-thirds saw negative effects if the U.S. withdraws from the North American Free Trade Agreement with Mexico and Canada.
  • Only 31 percent considering the new personal income tax system better in terms of equity and efficiency and about 54 percent judging it “somewhat worse” or “far worse.”

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