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New analysis from the reseral bank of San Francisco is examined the impact of tariffs into economics based on historical examples, finding that the effect of the tax on inflation and unemployment varies over time.
And San Francisco Samien studied the economic letters of the policy of the soul of the soul and the Binniman Foranda ektissi which is made up of the tariff.
“Tariffs can affect the order chain, investment, and the cost of temporary output of companies, resulting in the effects of designs such as some higher inflation and” young people. “However, the tariff can affect the spending, the demand of the economy. The weaker for the unemployed to the unemployed but the inflation is higher.

Tax tariffs on imported goods are paid by the buyer, which usually passes some or all of the higher prices to consumers through higher pass-through prices. (Qian wezhong / vcg via noisy image)
“Estimated Using 40 years of International data. Share it, manage the changes in the tariff, first the unemployment will suddenly increase.” They have.
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San Rukuika Fransccist notunus a prentense of unemployment unemployment and falling inflation that tends to follow the trick, which flows over time on the highway, which discards Economy and inflation. They say that shows “tariffs act like a brake on the demand side of the economy.”
“Firms can hold back investment spending until more assumptions are made in your trade policy, because the interest rate policy will decrease due to the services of the suppliers who act for products and services,” Palebungian, “Palebung,” Palebung, “Palebung,” Palebung, “Researcher.
“In time, the economy adjusts: The Unemployment rate Return to the original level or even lose a little, to design the pick-up inflation and peak three years after the initial change in specifications, “.
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The economist said that the size of the tariff created by the Trel administration this year is greater than the Historical Examples, which means the analysis. “
And average US tariff rate just over 3% over the past few years, but has risen to around 18% this year – more than double the roughly 8% rate used in the data used in this data.
“Targesff have recently developed in size and scope, and they are surrounded by uncertainty,” said the economist. “The contests used in our analysis are based on historical evidence that does not contain major rate changes.
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President Donald Trump announced the Tarifal “Bocal Dance” in April that has been modified for some trading partners. (Brenda Sealialki/AFP via image
Economic data released this year have shown higher inflation in the following new months The Trump administration tariff announcement earlier this year.
And Consumer price index (CPI) – Regular inflation rate published by the Bureau of Labor Statistics (BLS) – started the year at 32%.
Ok, CPI inflation is up since this season and reached 3% again in September, the longest month for CPI data that has been released. Government Shutdown.
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The monthly employment report has also been disrupted by the shutdown.
New Jobs Bls Jobs data shows that the unemployment rate 4.4% in September – The highest level since October 2021 and an increase of 4% in January.