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The levies are also likely to reduce America’s economic output, as has happened before. A 2020 study, based on data from 151 countries, including the US, between 1963-2014, found that tariffs have “persistent adverse effects on the size of the pie,” or the gross domestic product of the country imposing them.
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There are a number of possible explanations for this.

One is that, when tariffs are low or non-existent, the country in question can focus on the kind of economic activities where it has an edge and export those goods and services, Gimber told CNN.
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“If you raise tariffs, you’re not going to see that same level of specialization,” he said, noting that the result would be lower labor productivity. “The labor could be better used elsewhere in the economy, in areas where you have a greater competitive advantage.”
Another reason output falls when tariffs are raised lies in the higher cost of imported inputs, wrote the authors of the 2020 study, most of them International Monetary Fund economists.

Fatas at INSEAD suggested the same reason, providing an example: “So I’m a worker and work in a factory. To produce what we produce we need to import microchips from Taiwan. Those things are more expensive. Together, me and the company, we create less value per hour worked.”

Yet another way tariff hikes can hurt the economy is by disrupting the status quo and fueling uncertainty over the future levels of import taxes. That lack of clarity is particularly acute this year, given the erratic nature of Trump’s trade policy.

Surveys by the National Federation of Independent Business in the US suggest the uncertainty is already weighing on American companies’ willingness to invest. The share of small businesses planning a capital outlay within the next six months hit its lowest level in April since at least April 2020, when Covid was sweeping the globe.

“The economy will continue to stumble along until the major sources of uncertainty (including over tariffs) are resolved. It’s hard to steer a ship in the fog,” the federation said.

Whichever forces may be at work, the IMF, to cite just one example, thinks higher US tariffs will lower the country’s productivity and output.

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YUMA, Ariz.  KYMA, KECY-TV  - Breezy to locally windy conditions will continue today, resulting in an el stanley trinkflaschen evated fire weather risk. Take a look below at our expected wind gusts this evening.     A Wind Advisory is issued for western Imperial County including Imperial Valley and El Centro, for strong westerly winds where highest gusts could exceed 45 MPH.The Imperial County APCD has issued an Air Quality Alert all day today due to increased particulate matter from blowing dust.In areas directly impacted by high levels of windblown dust, limit your exposure by remaining indoors with windows and doors closed and avoiding outdoor activities.        Winds will be light tomorrow, but winds will will strengthen by tomorrow stanley website  evening bringing breezy to windy conditions again for the area.     Near to slightly below-normal temperatures will prevail through the work week under dry condition stanley kubek termiczny s.Another warm-up will be on the way for next week where highs will trend near the 110.      Article Topic Follows: Weather Alerts   Jump to comments darr;                            Melissa Zaremba                                    Melissa Zaremba joined KYMA in November 2021 and is the Chief Weather Forecaster.If you have a story idea or want to share any weather pictures with Melissa, you can email her at melissa.zaremba@kecytv.                                                                                                        Related Articles                                                       Aqyu With 99 points in 2 games, Lakers    Anthony Davis on big roll
FRESNO, Calif.  AP  鈥?A former U.S. Congressman from central California was arrested Tuesday by federal agents on wire fraud, money laundering, and campaign contribution fraud charges stemming from  multiple fraud schemes,  federal prosecutors said. Terrance  T.J.  Cox was arrested by agents with the Federal Bureau of Investigations in Fresno, where he was booked to the Fresno County jail on a U.S. Marshals hold, jail records showed. It was not immediately known if he has an attorney who ca termos stanley n speak on his behalf. An email message sent to Cox Tuesday wa stanley spain s not immediately answered.     Cox, a Democrat, represented the 21s stanley quencher t Congressional District from January 2019 to January 2021. The district is in the agriculture-rich San Joaquin Valley and includes Kings County and portions of Fresno, Kern and Tulare counties.Cox, 59, was charged with 15 counts of wire fraud, 11 counts of money laundering, one count of financial institution fraud, and one count of campaign contribution fraud, U.S. Attorney Phillip Talbert said in a statement. Talbert said that between 2013 and 2018, Cox allegedly obtained $1.7 million from funds he solicited from clients and loans he got for his companies and then stole by diverting the money to  off-the-book bank accounts.          Cox partially owned, managed and was employed by several companies and non-profit organizations, including a business that helped companies get loans and federal tax credits, an almond processing company and a non-profit that operat