> People import goods before tariffs because the price is lower, and that money going to trade isn’t going to GDP
It does, in inventories. But 34 have 77% reporting on inventories and 85% on imports [1]. To the extent this model is saying something, it’s to watch inventories build and deplete.
It does, in inventories. But 34 have 77% reporting on inventories and 85% on imports [1]. To the extent this model is saying something, it’s to watch inventories build and deplete.
[1] https://www.ismworld.org/supply-management-news-and-reports/...