Gopinath: Trump's tariffs resulted in higher costs and lower-quality imports
According to economist Gita Gopinath, recent research indicates that the tariffs implemented by US President Donald Trump have caused a decline in the standard of goods imported into the United States. She noted that these tariffs failed to reduce export costs, but instead caused a shift toward importing less expensive, inferior items. She remarked, "In addition to paying higher prices inclusive of tariffs, the quality has dropped."
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