The Latest Tariffs Come At A Time Of Weakening Economic Growth

Fight Censorship, Share This Post!

Authored by Bryce Coward via Knowledge Leaders Capital blog,

The announced tariffs have come at a rather inopportune time, economically speaking.

Back in 2018 when the US was slapping tariffs on washer machines and solar panels (January ’18), steel and aluminum (March ’18) and Chinese goods broadly (July ’18) the economy looked to be strong and was getting an added boost from tax cuts and the deregulation push.

This time around, economic growth is weakening and the US faces added headwinds from monetary policy tightening and actual fiscal drag in 2020.

As we can see in the charts below, whether we look at manufacturing trends, indicators of employment or small business conditions, previous tariff rounds occurred when the economy was significantly stronger than it is today.

This helped cushion the blow at the time, a luxury the economy does not have today.

This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Fight Censorship, Share This Post!

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.