Opinion: Trump’s tariff threat is a dumb way to extort Mexico
The president's 5% tax is on hold for now, but if it goes into effect economists say U.S. jobs could be lost, immigration could increase, and American consumers could have less to spend.
Reporter James Garcia reached out to economist Dennis Hoffman to get his expert opinion on Trump's tariff plan.
In this article published June 21, 2019, on KTAR News:
At the end of the day, it leaves … [American consumers] with less dollars in their pockets to spend on other goods. It’s difficult to understand why you want to make the economy be held hostage to this process of negotiation.
– Dennis Hoffman, professor of economics and director of the L. William Seidman Research Institute
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