Tariffs Can Actually Work—if Only Trump Understood How
- On Thursday, President Trump's new tariff policies caused global market declines.
- Trump reimposed tariffs based on a formula dividing trade deficits by imports.
- The tariffs included a 10% base tariff and steeper duties for many countries.
- French President Macron called the tariffs 'brutal and unfounded'.
- Economists warned these tariffs could harm the global economy and raise consumer costs.
13 Articles
13 Articles
Ben Golub, Economist: "Trump's Tariff Formula Would Get Suspended in a Basic Economy Course"
The professor of Economics and Computing at Northwestern University in Chicago, a specialist in network economics, from trade to social platforms, believes that the United States will suffer more than the global economyBen Golub, an economist: “The closest thing to Trump’s tariff plan is the pandemic’s supply shock.” In early February, economist Ben Golub was already clear that if the Trump administration’s tariffs were met, it would be a shock …
Want to Bring Factories Back? This Is What It Takes
As the global trade war escalates, many companies are taking a hard look at bringing manufacturing to the U.S. Onshoring can yield benefits for the overall economy. Manufacturing locally creates jobs and makes supply chains less risky. Shorter shipping routes have environmental advantages.
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