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By Robert Eisenbeis, Ph.D., Vice Chairman & Chief Monetary Economist
Beginning in 2018, in a long sequence of actions, the US enacted tariffs on goods from a number of countries besides just China. In some cases the affected countries responded with their own retaliatory tariffs on US products. As a consequence of the timing and the short periods that many of the tariffs have been in place, the data available to assess the tariff impacts are relatively limited in terms of the products impacted and other economic factors like consumption and employment. The scope and