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New NY Fed research out this afternoon on........>

US
US: New NY Fed research out this afternoon on impact of the new round of China
tariffs on U.S. households.
- Main conclusion: "we estimate that the annualized deadweight loss increases
from $132 to $620 per household, bringing the total annual cost of the new round
of tariffs to the typical household to $831. In sum, according to our estimates,
these higher tariffs are likely to create large economic distortions and reduce
U.S. tariff revenues."

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