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Tariffs: A New Era for US Economy - Boosting Jobs, Wages, and Growth

2025-01-10

finance

Tariffs: A New Era for US Economy - Boosting Jobs, Wages, and Growth

The US economy has undergone significant changes since the 1930s, and according to finance professor Michael Pettis, tariffs can now have a positive impact on the economy. With a new era of trade policies, tariffs could potentially boost US jobs, increase wages, and improve living standards. As the US navigates the complexities of global trade, Pettis' insights offer a fresh perspective on the role of tariffs in shaping the economy. By reevaluating the effects of tariffs, policymakers can create a more robust economic growth strategy, driving economic development and enhancing international trade agreements. Key factors such as trade deficits, economic growth, and job creation are crucial in determining the success of tariff policies. ...Read more

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