A recent discussion on PBS's Washington Week highlighted the implications of Donald Trump's new tariff strategy, which has unsettled global markets. Economists, including David Leonhardt, criticize these tariffs as excessively high and unpredictable, raising concerns about their effectiveness in benefiting workers. The panel emphasized that while trade has historically advantage educated professionals, blue-collar workers remain disadvantaged. The conversation underscores the uncertainty and potential economic ramifications posed by the current administration's trade policies, suggesting a need for more thoughtful adjustments to adequately address workforce disparities.
Trade has not delivered the benefits that economists and politicians of both parties have been promising for decades.
Trump's tariffs are shambolic, they're extremely high, and no one knows whether he's going to take them back the next day.
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