Findings on Trump trade war...
The group pointed to the following studies from 2019: a Federal Reserve report that determined the tariffs “have not boosted manufacturing employment or output, even as they increased producer prices”; a Moody’s analysis finding that the trade war had cost 300,000 U.S. jobs; and a Federal Reserve study assessing the cost of these tariffs to the average American household at about $800 per year, erasing the benefits of the Trump tax cut.
Oxford Economics estimated the trade war shaved 0.3 percent off U.S. gross domestic product growth last year.