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San Francisco Chronicle: Editorial: Counting the trade war?s casualties
17 May 2019
The economic losses from Trump's trade war compound that burden. A study by researchers at the Federal Reserve Bank of New York, Columbia University and Princeton University found that trade warfare was costing Americans $3 billion a month in taxes and $1.4 billion in inefficiency as of the end of last year. The cost is expected to double under the 25% rate already imposed on $200 billion in imports and multiply further if it's extended to other products.