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Traders Search for Safety Amid Tariff Uncertainty

Bloomberg Surveillance

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Tariffs and Economic Turmoil

This chapter examines the disproportionate economic damage caused by tariffs, highlighting the significant differences between varying tariff rates and their long-term effects on the U.S. economy. It discusses how current trade policies and uncertainties contribute to decreased productivity and investment hesitancy, potentially leading to an economic recession. Additionally, the chapter calls for a reassessment of Congressional control over trade policy to mitigate the challenges posed by executive authority in trade matters.

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