Macro Musings with David Beckworth cover image

Adam Ozimek on Reforming the High-Skilled Immigration Process

Macro Musings with David Beckworth

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Tariffs and Trade: A Tumultuous Landscape

This chapter explores the implications of the trade war started by the Trump administration, focusing on the historic use of tariffs and their impact on the economy. It addresses the disconnect between governmental narratives and public sentiment regarding tariffs, as well as the chaotic nature of current trade policies with countries like China, Canada, and Mexico. Amid rising inflation concerns and evolving voter behavior, the chapter reflects on the potential long-term consequences for international trade relations and economic stability in the U.S.

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