Economics
Trump’s Tariffs Led to Billions of Losses, Fed Research Shows
- About $10 billion U.S. tariff revenue lost on under-reporting
- Misreporting explains much of the shrinkage in the trade gap
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Starting in early 2020, a very unlikely anomaly started appearing in global trade data: China said it was selling more goods to the U.S. than the U.S. reported buying from China.