The study involved economists from California, Columbia and Yale. According to the study, imports from targeted countries decreased by 31.5%, trust US exports fell by 11%.
In addition, the annual loss to consumers and producers from higher costs of imports amounted to $68.8 bn
“Research has shown that workers of the trade sector in the national States was the most adversely affected by a trade war,” said the economists.
Last summer, trump introduced duty in the amount of 25% on steel imports and 10% on aluminium imports from the EU, Canada and Mexico, and in the fall started the confrontation between the US and China, in which the sides several times increased the duty on imported goods.