Business & Economics

Tariffs Harm American Consumers, Manufacturers and the Economy, Warns New Study

Wayne Winegarden February 25, 2025 Business & Economics

SACRAMENTO – Recently enacted and proposed tariffs will have devastating consequences for American families, businesses, and the overall economy, according to a new study by the Pacific Research Institute. The report, authored by economist Dr. Wayne Winegarden, finds that tariffs will lead to higher consumer prices, increased manufacturing costs, and reduced economic growth, while failing to achieve the intended policy goals. Even as a bargaining tactic in negotiating new trade deals, they can lead to ...

Wayne Winegarden – On the Trump Tariffs

Pacific Research Institute February 3, 2025 Business & Economics

PRI Senior Fellow in Business and Economics Dr. Wayne Winegarden joins us for a special episode with his real time analysis of the proposed (and delayed by one month) Trump tariffs on Canada, Mexico, and China. He previews his upcoming issue brief making the case that tariffs are not a sound US economic strategy for growth and prosperity, and discusses the impact that the level of tariffs President Trump is considering would have on consumers, ...

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President Trump’s Tariffs Will Harm Your Pocketbook

Wayne H Winegarden February 3, 2025 Business & Economics

President Trump fired the first shot of a trade war by imposing 25% tariffs on Canada and 10% tariffs on China, which will take effect on February 4 as of this writing. It also announced 25% tariffs on Mexico, but implementation has been delayed a month while the Administration negotiates with the government over fentanyl enforcement. The Trump Administration believes imposing tariffs will accelerate domestic manufacturing and strengthen the U.S. economy. Nothing could be further ...