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.
AI Snips
Chapters
Transcript
Episode notes
Guacamole Crisis
- Tariffs on imports like avocados would increase consumer prices.
- Anthony Zurcher jokingly considers planting an avocado tree to avoid higher costs.
Trump's Tariff Love
- Donald Trump finds tariffs appealing, viewing them as more beautiful than love.
- He sees them as a powerful tool to influence policy, bypassing Congressional oversight.
Tariffs as Diplomatic Tools
- Trump uses tariffs to achieve wider diplomatic goals beyond trade.
- Wendy Edelberg notes that there are more effective policy tools, but they require more effort.