Americast
Will Trumponomics crash the world economy?
Nov 27, 2024
Wendy Edelberg, a Senior Fellow in Economic Studies at the Brookings Institution and former economist for both the Bush and Obama administrations, joins the discussion. The conversation centers on Trump's proposed tariffs and their potential chaos for global trade and consumer prices. Wendy shares insights on how these tariffs could affect everything from avocado prices to employment in manufacturing. The talk dives deep into the motivations behind these policies, weighing their political implications alongside economic realities.
32:05
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Quick takeaways
- Trump's proposed tariffs of 10% on China and 25% on Canada and Mexico could significantly raise consumer prices and disrupt supply chains.
- Concerns from neighboring countries about retaliatory measures highlight the potential for escalating trade conflicts and long-term diplomatic ramifications.
Deep dives
Thanksgiving Traditions in America
Thanksgiving is one of the most significant traditional holidays in the United States, characterized by family gatherings and a festive meal. Common activities during this holiday include eating turkey, watching sports, and participating in the Macy's Day Parade. Unique to Thanksgiving is the phenomenon of Black Friday, a major shopping event that follows the holiday. While Thanksgiving celebrates familial unity and gratitude, it can also become a contentious occasion as family members may engage in political debates.
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