The Economics Show: Would Trump’s tariffs really be that bad?
FT News Briefing
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The Economic Fallout of Trump's Tariffs
This chapter explores the implications of proposed tariffs under Trump's first term, focusing on a blanket 10% tariff and a massive 60% tax on Chinese imports. The discussion highlights the complexities of international trade policies, potential economic repercussions, and the influence of advisors on these strategies. The speakers evaluate the risks of retaliatory tariffs and the possibility of a political landscape skewed by clientelism and lobbying efforts, stressing that these dynamics could worsen existing economic challenges.
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