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Trump Tariff Outcomes: Is the “Less-Worse” Case a Best-Case Scenario?
Manage episode 488404178 series 3352072
What’s the most likely outcome for President Trump’s tariff strategy – trading partners capitulating, America’s economy and exceptionalism crumbling, or something in the middle?
Hoover fellows and economists Michael Bordo and Mickey Levy discuss a recent paper they’ve published on the history of tariff impositions and four possible outcomes (none of them are good). Their conclusion: the odds favor a “less-worse” case of 12%-14% tariffs and deals with Canada and Mexico, with a “small but cumulative impact” on longer-run potential growth (maybe a mild recession) while the U.S. retains its global dominant status.
Recorded on June 6, 2025
106 episodes
Manage episode 488404178 series 3352072
What’s the most likely outcome for President Trump’s tariff strategy – trading partners capitulating, America’s economy and exceptionalism crumbling, or something in the middle?
Hoover fellows and economists Michael Bordo and Mickey Levy discuss a recent paper they’ve published on the history of tariff impositions and four possible outcomes (none of them are good). Their conclusion: the odds favor a “less-worse” case of 12%-14% tariffs and deals with Canada and Mexico, with a “small but cumulative impact” on longer-run potential growth (maybe a mild recession) while the U.S. retains its global dominant status.
Recorded on June 6, 2025
106 episodes
All episodes
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