Submitted by Stephen Dunne
on
Prof. Victor Menaldo asked on KOMO News for his thoughts on the Trump (tariff) Liberation Day, and the uncertainty this has caused.
I am not surprised by the impact. The tariffs...were much higher than anticipated.
In the short run this might induce a recession...over the long run are bad for competitiveness and innovation....
Were not sure what the ultimate tariffs will be...eventually something has to give...the cost will have to be passed on to consumers.
Please link here for the full interview on KOMO News.