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What Economists Think of Trump’s Tariffs
Apr 7, 2025
In this discussion, financial journalist James Surowiecki and health news member Sonny Salzman dive into the economic and public health ramifications of Trump's tariffs. They dissect the backlash against these policies, highlighting public protests and stock market dips. The conversation shifts to the complexities of trade deficits and their real impact on American manufacturing. They also address urgent public health concerns, including the measles outbreak linked to vaccination skepticism, drawing connections between economic and health crises.
32:21
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Quick takeaways
- The implementation of tariffs has triggered significant stock market volatility, resulting in a staggering loss of $2.7 trillion in just two days.
- Economists are critical of the administration’s tariff strategy, arguing it overlooks the complexities of global trade and the U.S.'s service trade surpluses.
Deep dives
Impact of Tariffs on the Stock Market
The recent implementation of tariffs has resulted in significant volatility in the stock market, with analysts reporting a dramatic loss of $2.7 trillion in value over just two days. As stocks experienced their worst days of the year, many investors are hesitant to re-enter the market due to the high levels of uncertainty surrounding the administration's trade policies. Experts suggest that the fear of continued volatility will overshadow any potential benefits from the tariffs. The situation highlights the broader economic implications of the tariffs, turning them into a political and financial flashpoint.
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