The Bottom Line

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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