As It Happens Nobel Prize laureate Joseph Stiglitz on Trump’s tariffs
Apr 7, 2025
Nobel Prize-winning economist Joseph Stiglitz discusses the repercussions of Trump’s tariffs, emphasizing their volatility and adverse effects on various sectors. Kevin Neveu shares insights into how these tariffs are impacting global oil prices, while Lauren Augustine highlights conservation efforts at the Philadelphia Zoo, including their Galapagos tortoise breeding program. Brad Waters focuses on initiatives to attract early career medical researchers to Toronto, aiming to enhance Canada’s research landscape for innovation and job creation.
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Trump's Reckless Tariffs
- Trump's trade policies are volatile and unpredictable, causing market instability.
- He ignores expert advice, creating uncertainty in the global economy.
Trump's Trade Deficit Fixation
- Trump's trade policies are driven by his fixation on trade deficits, which he sees as unfair treatment.
- He mistakenly believes the US should export more than it imports due to its perceived superiority.
Negotiating with Trump
- Negotiate with Trump from a position of power, as he only respects strength.
- Recognize that Trump's leverage is limited due to the US's share of global GDP and diversification of other economies.