Emil Mihaylov

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New Evidence Points To Mounting Trade Policy Effects On U.S. Business Activity

by David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, Nick Parkervia The Federal Reserve Bank of Atlanta
Friday, November 1, 2019

Trade worries remain at the forefront of economic news. Average tariffs on Chinese imports now stand at 21 percent, up from 3 percent in March 2018. Earlier this month, President Trump suspended plans for further tariff hikes on Chinese goods. Also this month, the U.S. is rolling out new tariffs on $7.5 billion worth of imports from Europe. On another front, fears are growing that Congress may not approve the U.S.-Mexico-Canada Trade Agreement, the intended successor to the North American Free Trade Agreement.