WTH is Going On With Trump, Tariffs and the Economy? Michael Strain Explains

The fundamentals of the economy are strong. So why is the Dow
Jones down and fears of a recession up? Perhaps because President
Trump is rocking the economic boat by threatening tariffs on
historic trading partners, only to rescind them the same day;
taking a chainsaw to government expenditures when he should be
using a scalpel; and talking about structurally changing the U.S.
economy. Will Trump’s disruptive approach to the international
economy enrich Americans in the long run? Or are the tariffs, and
the flip-flopping, going to backfire?


Michael Strain is the director of Economic Policy Studies and the
Arthur F. Burns Scholar in Political Economy at the American
Enterprise Institute. He is also the Professor of Practice at the
McCourt School of Public Policy at Georgetown University, a
research fellow with the IZA Institute of Labor Economics, a
research affiliate with the Institute for Research on Poverty at
the University of Wisconsin–Madison, and a member of the Aspen
Economic Strategy Group. Dr. Strain also writes as a columnist
for Project Syndicate.


Read the transcript here.


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