Bloomberg Talks
Former US Council of Economic Advisers Chairman Jason Furman Talks Tariffs
Apr 2, 2025
Jason Furman sheds light on the flawed reasoning behind tariffs and their misconceptions regarding trade deficits. He highlights the economic and geopolitical risks posed by tariffs, especially those implemented during the Trump administration, stressing potential slowdowns and rising inflation. The podcast also examines how tariffs impact trade relationships and the economy, discussing retaliatory actions and currency shifts. Furman argues this turmoil may create short-term challenges but hints at possible long-term benefits, enriched by insights on the dollar and inflation.
07:28
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Quick takeaways
- Furman emphasizes that high tariffs can hinder economic growth and lead to inflation, ultimately harming both consumers and businesses.
- The podcast highlights the misconception that trade deficits are negative, showcasing their potential benefits like access to diverse imports.
Deep dives
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