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Tariffs increasingly make less sense


Tariffs on imports from Mexico will disrupt supply chains, with potential loss of output and employment, and increased upward pressure on inflation. The most impacted industries are vehicles, electronics, machinery, oil and gas, and agriculture. The tariff impact varies by state, with border states (TX, CA, AZ, NM) particularly vulnerable.

Ned Davis Research | Economics | U.S. Focus | Monthly

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