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Fareed Zakaria GPS
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Removing Trump's Tariffs Would Reduce Inflation
Many distinguished economists have noted the repeal of most or all of donald trump's tariffs would be the single most effective way of reducing inflation in the near future. A tariff is a tax on goods, paid by the american consumer who buys those goods. When the masda gets cheaper, ford and gm will cut prices on their products to compete. The reverse logic applies as well if you cut tariffs. That also has a broader effect. In march, the peterson institute for international economics produced a study estimating that reversing most of the trump tariffs would reduce inflation by one point, three per centage points. This is the time to reverse from restrictions on immigration, many done by executive
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