Tariffs & Q2 Growth Shock | Trade Maven Brad Setser on Trump’s Tariff Warpath, China’s Balance of Payments, and “Self-Induced Recession” Probabilities
Monetary Matters with Jack Farley
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Navigating U.S. Trade Policy Shifts
This chapter explores the evolving dynamics of U.S. trade policy following the tenure of Robert Lighthizer, questioning the effectiveness of new leadership in moderating strategies, particularly concerning China. It discusses the implications of aggressive tariff policies under the previous administration, the potential burdens on low-income consumers, and the complexities of achieving a balanced trade approach. Additionally, the chapter highlights the impact of currency values, fiscal policies, and the need for a coordinated economic response in addressing trade deficits and fostering domestic manufacturing.
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