![]() manufacturing industries and states that are disproportionately dependent on imports or exports, authors Ana Maria Santacreu and Makenzie Peake find that several such states - including Michigan and Ohio - experienced weaker economic growth and employment in 2018 than their less‐exposed neighbors. Louis Fed study, however, shows why this rudimentary calculus is misguided.Įxamining the effect of President Trump’s “trade wars” ( i.e., tariffs and foreign retaliation) on U.S. punditocracy is that protectionism, while likely bad economics, is good politics because it can boost critical “Rust Belt” swing states that have large manufacturing sectors and have been hit hard by globalization. ![]() ![]() ![]() “ Tariffs, Michigan, and the Perils of ‘Political Protectionism'”īy Scott Lincicome, courtesy of the Cato InstituteĬonventional wisdom among the D.C. ![]()
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