Tariffs Will Wipe Out the Benefits of Tax Reform

from from FEE on 2018-06-19 14:30 (#3SK5Z)

Former White House economist Gary Cohn expressed concerns yesterday that Trump's tariffs would erode the benefits from tax reform. Since the on-again-off-again 25 percent tariffs on imports from China are-as of 3:23pm, Friday, June 15, 2018-"on again," let me share this back-of-the-envelope analysis that shows why Cohn's concerns are justified.

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