25
Jun
By Antonio de Lecea
US consumers and importers are already paying a price for trade tensions between the United States and China. They are bearing almost entirely the tariff revenue collected at the US border. Escalation is also likely to affect business sentiment and investment.
Tariffs on European imports carry an important additional impact for the US economy, due to deep transatlantic economic integration. European companies in the United States are the largest source of on-shored jobs in the United States, directly employing 4.6 million...