Economic Take

What New Tariffs Mean - and Don’t Mean - for the Economy

August 27, 2019

President Trump announced plans to add another $58 billion of tariffs on top of the $63 billion already in place—a move that rattled the markets and intensified worries at the Fed. Unlike earlier tariffs, which were effectively neutralized by Chinese currency depreciation, this round could be borne by American businesses and consumers. Also this week: exploring the factors behind the slowdown in capital expenditures (hint: they’re not related to trade).