Survey: Most economists think Trump tariffs will hurt economy
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An overwhelming majority of economists believe President TrumpDonald John TrumpFed saw risks to US economy fading before coronavirus spread quickened Pro-Trump super PAC hits Biden with new Spanish-language ad in Nevada Britain announces immigration policy barring unskilled migrants MORE's tariffs will harm the economy, according to a survey released by the National Association for Business Economics (NABE) on Monday. 

“Over 90 percent of the NABE Policy Survey panel considers current tariffs and threats of tariffs as having unfavorable consequential impacts on the U.S. economy,” said NABE Vice President Kevin Swift, the chief economist at American Chemistry Council, in a statement.


NABE's survey comes as Trump has imposed tariffs on China and many of the U.S.'s allies, including Canada and Mexico — a move that has led to retaliatory tariffs from other nations and ongoing trade feuds.  

The survey also found that about 7 of 10 economists surveyed think that current fiscal policy was "too stimulative," while 80 percent of respondents told NABE that Trump's efforts to cool regulations would contribute to short-term economic growth. 

Meanwhile, nearly half of the economists polled said that deregulation efforts would have negative long-term consequences. 

In addition, 60 percent of respondents said that economic policy should do more to address climate change. 

The National Association for Business Economics survey was conducted among a sample of 251 economists from July 19-Aug. 2.