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
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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
FIFTY YEARS OF GROWTH IN AMERICAN CONSUMPTION, INCOME, AND
WAGES by Bruce Sacerdote—National Bureau of Economic Research
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