Price adjustments occurred gradually along the supply chain. Import prices changed within three months of tariff implementation, but retail prices took approximately 12 months to fully reflect the tariff impact. Price increases persisted nearly one year after the tariffs expired.
Struyven’s calculations come as economists are surveying the damage that President Donald Trump’s Operation Epic Fury is doing to the U.S. economy. Penn Wharton Budget Model Director Kent Smetters previously told Fortune that he estimates a wide range of outcomes, including damage to the U.S. economy as high as $210 billion. Smetters offered one note of caution about how war costs are typically framed. “One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” he added. “If Iran really did get a nuclear weapon, then we might have spent a lot more on military and even repair of cities later on.”，推荐阅读旺商聊官方下载获取更多信息
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