What will the impact be now that the U.S. has one of the highest tariff rates in the world?
Topics covered include:
- Why the Trump administration raised tariffs
- How the last round of U.S. tariffs led to higher prices and lower economic growth
- Four ways the world remains close to record connectivity
- Who have been the winners and losers from global trade
- What will be the impact of this trade war
Show Notes
Tariff rate, most favored nation, simple mean, all products (%)—World Bank Group
Donald Trump’s tariffs will fix a broken system by Peter Navarro—The Financial Times
DHL Global Connectedness Tracker—DHL
Objective Knowledge: An Evolutionary Approach by Karl R. Popper—Oxford University Press
GDP per capita (constant 2015 US$)—World Bank Group
Real Median Household Income in the United States—FRED
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Related Episodes
515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants
516: What Trump Wants Part 2 – How Trade Deficits and Capital Flows Can Harm or Help Countries
427: Did the Tariffs Work? The Trade War Five Years Later
212: Trade Wars Increase Prices and Poverty
Transcript
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