Analysis: Trump’s Trade Plans to Test His Deal-Making Skills
Published: January 23, 2017 / Author: Associated Press
[Trump’s] focus on protectionism raises a concern among many trade experts, who say the savings from lower-cost imports get passed to consumers in the form of cheaper prices for cars, clothing and a range of other items.
“Protection is really bad,” said Jeffrey Bergstrand, an economist at the University of Notre Dame. “We all lose from higher prices.”
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