
Bloomberg Talks
Adam Posen Talks Trump Tariffs
Oct 21, 2024
Adam Posen, president of the Peterson Institute for International Economics, is a leading expert on trade policy. He discusses how Trump's proposed 20% tariffs are essentially 'weaponizing' uncertainty in the market. Posen critiques the effectiveness of tariffs, arguing they haven't achieved their intended goals and could negatively impact the U.S. economy. He also touches on the delicate balance between manufacturing and technological advancement in the context of national security and globalization, particularly regarding China.
09:20
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Quick takeaways
- Adam Posen highlights how Trump's proposed tariffs could create economic uncertainty that ultimately hampers both domestic growth and international trade relations.
- The discussion underscores a disconnect between American voters' perceptions of globalization's impact and the actual strong performance of the U.S. economy.
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