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politics17h ago
No, tariffs are not strengthening the economy | Fortune
- Tariffs are not boosting growth, with data suggesting the policy may actually slow the U.S. economy in the long run.
- Manufacturing sentiment remained negative in 2025, with no signs tariffs boosted demand among manufacturers.
- Evidence shows importers bore most tariff costs, with only a portion passed to consumers as higher prices.
- New deals announced lack enforceable mechanisms and have not been ratified.
- Foreign direct investment fell in 2025, with most FDI driven by reinvested earnings rather than new capital.
- Tariffs raise costs for both consumers and businesses, potentially slowing non-tariff sectors like services.
- The article credits AI and other tech advances as shaping a new economic landscape beyond tariff politics.
- The analysis frames the tariff strategy as a 1926-era approach incongruent with 2026 realities.
- The piece emphasizes the lack of enforcement and ratification in international deals tied to tariffs.
- Overall, the author argues tariffs did not deliver the promised boost to manufacturing or growth in 2025.
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