{"id":263873,"date":"2024-11-05T00:24:55","date_gmt":"2024-11-05T00:24:55","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/11\/05\/some-last-pictures-trade-war-2-0\/"},"modified":"2025-06-25T17:10:36","modified_gmt":"2025-06-25T17:10:36","slug":"some-last-pictures-trade-war-2-0","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/11\/05\/some-last-pictures-trade-war-2-0\/","title":{"rendered":"Some Last Pictures: Trade War 2.0"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-54547\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Impact on a typical family:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/cost_of_tariffs_trump2_0.jpg\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-54548\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/cost_of_tariffs_trump2_0.jpg\" alt=\"\" width=\"1200\" height=\"943\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/cost_of_tariffs_trump2_0.jpg 1200w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/cost_of_tariffs_trump2_0-300x236.jpg 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/cost_of_tariffs_trump2_0-1024x805.jpg 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/cost_of_tariffs_trump2_0-768x604.jpg 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/cost_of_tariffs_trump2_0-624x490.jpg 624w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> Brendan Duke, CAP.<\/em><\/p>\n<p>From <a href=\"https:\/\/www.piie.com\/publications\/working-papers\/2024\/international-economic-implications-second-trump-presidency\">McKibben, Hogan, Noland (2024)<\/a>, cost to US economy from 10% tariffs, in GDP and inflation (deviation from baseline):<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig24.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-54549\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig24.png\" alt=\"\" width=\"624\" height=\"415\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig24.png 624w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig24-300x200.png 300w\" sizes=\"(max-width: 624px) 100vw, 624px\"\/><\/a><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-54550\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25.png\" alt=\"\" width=\"1053\" height=\"661\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25.png 1053w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25-300x188.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25-1024x643.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25-768x482.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25-624x392.png 624w\" sizes=\"(max-width: 1053px) 100vw, 1053px\"\/><\/a><\/p>\n<p>Additional 60% tariffs on Chinese imported goods.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig33.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-54551\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig33.png\" alt=\"\" width=\"1053\" height=\"677\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig33.png 1053w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig33-300x193.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig33-1024x658.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig33-768x494.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig33-624x401.png 624w\" sizes=\"(max-width: 1053px) 100vw, 1053px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig34.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-54552\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig34.png\" alt=\"\" width=\"1053\" height=\"720\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig34.png 1053w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig34-300x205.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig34-1024x700.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig34-768x525.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig34-624x427.png 624w\" sizes=\"(max-width: 1053px) 100vw, 1053px\"\/><\/a><\/p>\n<p>From\u00a0 Alec Phillips, David Mericle and Tim Krupa (Goldman Sachs, 3 September 2024):<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/phillips_mericle_krupa_3sep24fig11.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-53541\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/phillips_mericle_krupa_3sep24fig11.png\" alt=\"\" width=\"1016\" height=\"912\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/phillips_mericle_krupa_3sep24fig11.png 1016w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/phillips_mericle_krupa_3sep24fig11-300x269.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/phillips_mericle_krupa_3sep24fig11-768x689.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/phillips_mericle_krupa_3sep24fig11-624x560.png 624w\" sizes=\"(max-width: 1016px) 100vw, 1016px\"\/><\/a><\/p>\n<p>And we haven\u2019t even considered the economic implications of mass deportations.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/11\/some-last-pictures-trade-war-2-0\" title=\"3:35 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-11-04T15:35:36-08:00\">November 4, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/11\/some-last-pictures-trade-war-2-0\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Impact on a typical family: Source: Brendan Duke, CAP. From McKibben, Hogan, Noland (2024), cost to US economy from 10% tariffs, in GDP and<\/p>\n","protected":false},"author":1,"featured_media":263874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/263873"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=263873"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/263873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/263874"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=263873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=263873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=263873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}