Ones and Tooze Tariffs and Gaza
38 snips
Aug 8, 2025 The discussion navigates the economic fallout from Trump's tariffs, highlighting inflation and import impacts. It also dives deep into the hunger crisis in Gaza, addressing alarming food shortages and their humanitarian implications. The conversation critically examines the intertwining complexities of tariffs and global trade relations. Lastly, it confronts more serious allegations of genocide linked to starvation in Gaza, drawing parallels to historical events and stressing the urgent need for effective humanitarian aid.
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Tariffs Trigger A Delayed Inflation Rebound
- Tariffs are already pushing inflation back up, especially on goods.
- Adam Tooze warns the full effects will take months to show in the economy.
Tariff Incidence Depends On Bargaining
- Who bears a tariff depends on bargaining between suppliers and buyers.
- Adam Tooze notes suppliers can swallow costs or pass them to consumers, delaying effects.
Sectoral Tariffs Can Hurt Domestic Industry
- Broad sectoral tariffs raise input costs for many manufacturers and help few producers.
- Adam Tooze says higher steel and aluminium prices damage US manufacturers while enriching producers.
