Trump’s Tariff Proposal Would Cut 0.7% From GDP

Bloomberg: “Donald Trump’s proposal to institute a 10% tariff on almost all imports would cost American consumers $300 billion a year, result in the loss of 550,000 US jobs, and cut growth by 0.7%, according to a new analysis from the nonpartisan Tax Foundation.”

“If other countries retaliate by imposing tariffs on US goods, the economic damage could be even greater.”