

Will Trump back down from his threats of tariffs and trade wars? | The Bottom Line
Feb 10, 2025
Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics and former U.S. Federal Reserve official, dives into the complexities of Trump's trade policies. He highlights the unrealistic expectation that tariffs can replace taxes and critiques their impact on consumers. Gagnon discusses the bloated nature of U.S. government and the potential consequences of drastic cuts. He raises concerns about the reliance on borrowing and the risks of insular trade approaches, as well as the implications for economic growth and national debt.
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Episode notes
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Intro
00:00 • 3min
Tariffs and Their Impact on Consumers
02:39 • 9min
The Paradox of American Wealth: Borrowing vs. Saving
11:19 • 2min
Economic Shifts and Governmental Impacts
12:59 • 5min
Navigating Economic Data Challenges and the Future of Federal Employment
18:01 • 2min
Navigating Budget Deficits and Trade Policies
20:25 • 3min