Monetary Matters with Jack Farley cover image

Economic Policy To The Fore | Jason Furman on Deregulation, Tax Cuts, Tariffs, and Healthcare

Monetary Matters with Jack Farley

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Tariffs and Their Economic Impact

This chapter explores the economic implications of current U.S. tariffs and their historical context, analyzing potential outcomes of increasing these rates. It discusses the effects on imports, exports, and the overall economy, as well as the risk of trade wars with major economies. The chapter emphasizes trade's role in GDP and critiques common misunderstandings regarding tariffs and trade deficits.

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