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 tariffsHow the last round of U.S. tariffs led to higher prices and lower economic growthFour ways the world remains close to record connectivityWho have been the winners and losers from global tradeWhat will be the impact of this trade war
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Show Notes
The economic consequences of Mr Trump – looking for clarity in the tariffs chaos by Neil Shearing—Capital Economics
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
JOSEPH E. STIGLITZ, GLOBALIZATION AND ITS DISCONTENTS REVISITED: ANTI-GLOBALIZATION IN THE ERA OF TRUMP, NEW YORK: W.W. NORTON & COMPANY, 2018 by Lino Sau—Annals of the Fondazione Luigi Einaudi
FIFTY YEARS OF GROWTH IN AMERICAN CONSUMPTION, INCOME, AND
WAGES by Bruce Sacerdote—National Bureau of Economic Research
Real Median Household Income in the United States—FRED
Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over—FRED
Consumer Price Index for All Urban Consumers: Food in U.S. City Average/Median Household Income in the United States—FRED
Trump’s Love for Tariffs Began in Japan’s ’80s Boom By Jim Tankersley and Mark Landler—The New York Times
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
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