Trump Thinks Tariffs Will Help America’s Producers. He Should Think Again

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GMU Econ alum Mark Perry has just compiled these relevant data:

And because some motor-vehicle imports are destined to be used by businesses – as delivery vehicles, company cars, taxi cabs, and even as ride-share vehicles – the percentage of U.S. imports that are used, not for consumption, but for income-earning production is even higher than 61.3%.

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