{"id":40742,"date":"2025-04-08T20:22:00","date_gmt":"2025-04-09T01:22:00","guid":{"rendered":"https:\/\/ustower.net\/?p=40742"},"modified":"2025-04-08T22:44:44","modified_gmt":"2025-04-09T03:44:44","slug":"us-economists-us-tariffs-will-make-the-country-less-competitive","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=40742","title":{"rendered":"US economists: US tariffs will make the country less competitive"},"content":{"rendered":"\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>United Nations, April 9 (Sputnik) &#8211; Jeffrey Sachs, a well-known American economist and professor at Columbia University, told Sputnik that the tariffs recently imposed by the United States will not reduce the country&#8217;s trade deficit but will reduce its competitiveness.<\/strong><strong><\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">&#8220;If the tariffs are intended to reduce the U.S. trade deficit, they will fail,&#8221; Sachs said. &#8220;The trade deficit is a result of the U.S.&#8217;s large budget deficit, which will not change because of&nbsp;<a href=\"https:\/\/sputniknews.cn\/20250409\/1064909202.html\">tariffs<\/a>&nbsp;.&#8221;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">He added: &#8220;Tariffs will reduce American competitiveness and the living standards of our citizens.&#8221;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Earlier, the White House said the United States would increase import tariffs on Chinese goods to 104%.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><a href=\"https:\/\/sputniknews.cn\/20250409\/1064909910.html\">sputniknews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United Nations, April 9 (Sputnik) &#8211; Jeffrey Sachs, a well-known American economist and professor at Columbia University, told Sputnik that the tariffs recently imposed by the United States will not reduce the country&#8217;s trade deficit but will reduce its competitiveness. &#8220;If the tariffs are intended to reduce the U.S. trade deficit, they will fail,&#8221; Sachs [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":40743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[31452,3616,838],"class_list":["post-40742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-reduce","tag-tariffs","tag-will"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/40742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40742"}],"version-history":[{"count":2,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/40742\/revisions"}],"predecessor-version":[{"id":40747,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/40742\/revisions\/40747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/40743"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}