Trump's Gigantic Tariff Shock: A Deep Dive into Economic Impacts

In a recent discussion on Bloomberg, Brad Setser from the Council on Foreign Relations (CFR) analyzed the unforeseen consequences of the enormous tariffs implemented during the Trump administration. The tariffs, which were aimed at various imports, stirred discussions about their long-term impacts on the U.S. economy and its trade relations globally.

Continue reading

The Impact of Trump's Tariffs: Insights from Brad Setser of the Council on Foreign Relations

In recent discussions around the economic landscape shaped by the previous administration, Brad Setser from the Council on Foreign Relations has weighed in on the long-term repercussions of the tariffs imposed by former President Donald Trump. These tariffs, initially designed to protect American industries by imposing taxes on imports, have had a mixed record—intended to revive local manufacturing while inadvertently leading to increased consumer costs and strained trade relationships.

Continue reading