The stated purpose of Trump’s import levies is to draw production back to the U.S. from around the world. Benzene illustrates that it won’t work with all products.
Brian van der Brug/Los Angeles Times via Getty Images
A new report by the Dallas Fed offers some insight: employment growth has been unusually strong in areas like health care, which is less cyclical and therefore less sensitive to changes in monetary policy.
If countries targeted by Trump administration tariffs respond with tariffs of their own, then demand could fall for American corn, soybeans and other agricultural exports.