Trump tariffs are 'a recipe for making Americans worse off,' Cato Institute says

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Trump tariffs are 'a recipe for making Americans worse off,' Cato Institute says

//business-finance.news-articles.net/content/202 .. ing-americans-worse-off-cato-institute-says.html

Published in Business and Finance on Wednesday, May 21st 2025 at 19:20 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

No one will be economically better off if reciprocal tariffs are imposed and a trade war escalates, the libertarian think tank told Fortune.

2025-05-21 312 x 156 / 88452 Bytes

The article from Fortune, published on March 25, 2025, discusses a report by the Cato Institute which criticizes former President Donald Trump's tariff policies, arguing that they have made Americans worse off. The report highlights that Trump's tariffs, intended to protect American industries and jobs, have instead led to higher prices for consumers, retaliatory tariffs from other countries, and a net loss in economic welfare. The Cato Institute's analysis suggests that these tariffs have not achieved their goal of boosting domestic production and have instead harmed the U.S. economy by reducing the purchasing power of American consumers and disrupting global trade relationships.

Read the Full Fortune Article at:
[ https://fortune.com/2025/03/25/trump-tariffs-recipe-making-americans-worse-off-cato-institute/ ]