Will Taxing Imports Help?
The United States is currently experiencing the strongest economic recovery since the Korean War, with virtually no increase in the rate of inflation. Uncertainties associated with persistently large federal budget deficits, and with international payments imbalances, however, cloud the outlook for continued prosperity.
The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit clevelandfed.org for updates.
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