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What did Trump just do to the economy?

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U.S. President Donald Trump announced a 90-day pause on much of what he calls "reciprocal tariffs" barely a week after first imposing them — while also implementing a 10 per cent tariff across the board on most countries, and a whopping 145 per cent tariff on China.

Markets first soared at the news, then went back into freefall. Members of Trump's cabinet claimed this was the strategy all along. The chaos even brought the stability of U.S. government bonds into question.

Justin Wolfers, a professor of economics at the University of Michigan, unpacks what's really going on here, and why Trump's past dealings with Canada could provide some insight into how it will all shake out.

For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts

  continue reading

1813 episodes

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What did Trump just do to the economy?

Front Burner

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Manage episode 476387600 series 2455762
Content provided by CBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

U.S. President Donald Trump announced a 90-day pause on much of what he calls "reciprocal tariffs" barely a week after first imposing them — while also implementing a 10 per cent tariff across the board on most countries, and a whopping 145 per cent tariff on China.

Markets first soared at the news, then went back into freefall. Members of Trump's cabinet claimed this was the strategy all along. The chaos even brought the stability of U.S. government bonds into question.

Justin Wolfers, a professor of economics at the University of Michigan, unpacks what's really going on here, and why Trump's past dealings with Canada could provide some insight into how it will all shake out.

For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts

  continue reading

1813 episodes

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