GoodFellows: Conversations from the Hoover Institution

Viewer Mail: The GoodFellows Answer Your Questions

30 snips
Apr 11, 2025
The discussion swings between the economic impact of Trump's tariffs and their unpredictable outcomes. Experts weigh in on the EU's resilience amidst disruptive political figures. They highlight the need for institutional reform in Europe and explore the rise of emerging powers by 2050, such as India and Turkey. Additionally, they reflect on five years of insightful conversations, sharing personal growth and cherished memories from their journey, all while drawing historical parallels to modern-day challenges.
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INSIGHT

Minimal Impact of First-Term Tariffs

  • Trump's first-term tariffs were minimal, averaging 1.55% in 2017 and rising to only 2.85% by the term's end.
  • Other economic factors like tax cuts and deregulation were stronger influences on the economy.
INSIGHT

Escalation of Tariffs in Second Term

  • Trump's second-term tariffs represent a significant escalation, potentially reaching Smoot-Hawley levels.
  • This drastic increase, coupled with policy uncertainty, is causing market instability.
INSIGHT

Trump's Disruptive Trade Approach

  • Trump's disruptive nature and focus on trade adjustments stem from a perceived grievance.
  • This approach risks undermining alliances and inadvertently benefiting China.
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