Continuing China Tariffs Will Reduce US GDP by $1 Trillion in 10 Years, Chamber Says in New Study
Section 301 tariffs on Chinese imports would reduce U.S. GDP by up to $1 trillion within a decade if left in place, concluded a Rhodium Group study for the U.S. Chamber of Commerce. The tariffs are “eroding” U.S. “competitiveness” in…
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information and communication technology and “undermining globalized supply chains,” the study says. The report is to be released March 15.