Steeling the U.S. Economy for the Impacts of Tariffs

4 Pages Posted: 27 Jul 2018 Last revised: 29 Apr 2020

See all articles by Michael Sposi

Michael Sposi

Southern Methodist University (SMU)

Kelvinder Virdi

Federal Reserve Banks - Federal Reserve Bank of Dallas

Date Written: 2018

Abstract

Proposed steel and aluminum tariffs would likely trim a quarter percent from the U.S. gross domestic product over the long run. U.S. metals industries would likely expand, while heavy industries, such as machines and equipment, would probably contract along with aggregate capital formation. The main risks lie in the potential for retaliation by trading partners and the possibility of a trade war.

Suggested Citation

Sposi, Michael and Virdi, Kelvinder, Steeling the U.S. Economy for the Impacts of Tariffs (2018). Economic Letter, Vol. 13, Issue 5, pp. 1-4, 2018, Available at SSRN: https://ssrn.com/abstract=3219455

Michael Sposi (Contact Author)

Southern Methodist University (SMU) ( email )

6212 Bishop Blvd.
Dallas, TX 75275
United States

Kelvinder Virdi

Federal Reserve Banks - Federal Reserve Bank of Dallas

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States

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