MITCHELL, S.D. (MITCHELLNOW) Economics professors are weighing in on the news of a temporary trade war truce between the U.S. and China. The move will see tariffs slashed for 90 days that were previously up over a hundred percent from both sides. Dakota State University economics professor Dan Talley says he expects a lot of manufacturing and early shipping in the meantime. But Talley fears any number of tariffs are causing struggles for many small businesses. South Dakota State University economics professor Evert Van der Sluis says the sweeping tariffs were not the right idea to begin with, noting a production subsidy would’ve been a more successful alternative because it wouldn’t make American goods less appealing. For more Government stories from MitchellNow.com, Click Here.
Economists Analyze U.S.–China Trade War Truce and Tariff Rollback Impact on Small Businesses
Economics professors from South Dakota are weighing in on the recent U.S.–China trade war truce, which temporarily reduces steep tariffs for a 90-day period. Dakota State University’s Dan Talley predicts a short-term spike in manufacturing and shipping, while voicing concern over the ongoing strain tariffs place on small businesses.
