Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Trade War Expected To Fall Flat

Video Credit: Wochit - Duration: 00:39s - Published < > Embed
Trade War Expected To Fall Flat

Trade War Expected To Fall Flat

Business Insider reports President Donald Trump identified the reduction of the US trade deficit as one of the key goals for the recent tariffs imposed by the US.

According to research by economists at the New York Federal Reserve, however, it is unlikely that Trump's tariffs will lead to a reduction of the trade deficit.

The New York Fed economists identified two reasons that the deficit will not decline: increased costs will reduce the output of domestic exporters and retaliatory tariffs will reduce foreign appetite for US goods.

0
shares
ShareTweetSavePostSend
 

Recent related news from verified sources

Prime Steel predicts flat revenue

Prime Steel Mill Co, a Thai steel producer, expects 2019 revenue to stay flat at 10 billion baht,...
Credit: Bangkok Post - Published - Business

Anxiety over Q3, trade war concerns cap gains; Sensex up only 0.15%

Despite healthy inflow of foreign funds and a strong rupee, Indian key equity indices closed...
Credit: Sify - Published - Business


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest