Scott Lincicome on the Trump Trade War
Macro Musings with David Beckworth
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Unraveling Trade Chaos
This chapter explores the tumultuous trade policies enacted after the current administration's election, focusing on the breadth and justification of tariffs. It examines the uncertainty these policies have introduced in the economic landscape, affecting investment and consumer behavior, and contrasts chaotic implementations with structured advisory approaches. Furthermore, the discussion highlights the potential long-term consequences of the trade war, including rising prices and a contraction in manufacturing, amid a cautious optimism for future global trade integration.
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