Brad Setser on the Damage From Trump's Gigantic Tariff Shock
Odd Lots
Tariff Turmoil: Unraveling U.S. Trade Policies
This chapter critiques the flawed methodology behind U.S. tariffs, highlighting how simplistic assessments of trade surpluses overlook essential nuances. The discussion emphasizes the irrationality of imposing heavy tariffs on minor economies like Nauru while outlining the potential risks these policies pose to the U.S. economy. The speakers advocate for a more strategic and comprehensive approach to trade that considers global dynamics and the complexities of manufacturing dependencies.
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