Farmers have been filing for bankruptcy at record rates, economic growth is stalled, and manufacturing is in a recession — all contrary to Donald Trump’s promises that he would return the economy to four percent growth and be the “greatest jobs president God ever created.”
Now a United Nations report released Tuesday “finds implicit evidence that the cost of the tariffs has been generally passed down to United States consumers.”
“US consumers are paying for the tariffs,” said Alessandro Nicita, an economist at the U.N.’s trade agency, “in terms of higher prices.”
View the complete November 9 article by Nick Vachon on the National Memo website here.