Sujet : So this is off the charts
De : here (at) *nospam* is.invalid (JAB)
Groupes : misc.news.internet.discussDate : 10. Apr 2025, 02:02:44
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'The Economist' editor unpacks the 'biggest trade policy shock' of
Trump's tariffs
...
...
"Presidents from Reagan to President Biden have increased tariffs on
individual goods or individual sectors, but nothing like this. So this
is off the charts in terms of scale, ... speed and uncertainty," says
Minton Beddoes, who is a former economist for the International
Monetary Fund.
While the motivation behind the tariffs remains unclear, she says that
the Trump administration could be seeking to "radically remake the
rules of global security, geopolitics, economics."
Minton Beddoes says the president seems to believe that the U.S. is
getting a bad deal in the global economy, and that the tariffs will be
used as a tool to renegotiate trade agreements: "It might be exactly
what President Trump loves. Lots of people coming, knocking on his
door, fawning, hoping for a good deal. This is The Art of the Deal on
steroids," she says.
But, Minton Beddoes adds, the economic turmoil caused by the tariffs
creates "a lot uncertainty, and a lot pain for consumers because
tariffs are taxes on consumers. The people who pay this in the end,
the cost of the tariffs, are people who pay more for the things that
they buy."
https://www.npr.org/2025/04/09/nx-s1-5355907/trump-tariffs-zanny-minton-beddoes