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Moody's Talks - Inside Economics
Economic Impacts of Tariffs and Budget Cuts
This chapter delves into the adverse effects of tariffs on industry productivity and the economy, highlighting how cuts in government funding can lead to job losses and systemic issues. The discussion also critiques the relationship between federal budget deficits and trade imbalances, advocating for nuanced fiscal management rather than simplistic budget reductions. The speakers emphasize the importance of maintaining essential services and research funding to prevent long-term public health and economic crises.
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