Imposition of tariffs makes US an inefficient ‘high-cost producer’, economist says • FRANCE 24

FRANCE 24’s Mark Owen speaks to Marcus Noland, Executive VP of the Peterson Institute for International Economics, about the trade war triggered by the Trump tariffs. He says that there’s no evidence that Trump’s strategy will pay off and that the imposition of tariffs is turning the United States into an inefficient ‘high-cost producer’. He adds that once punitive tariffs are in place, it is very hard to take them apart.
#Trump #tariffs #trade

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24 comments

  3. These stupid nobel winning economists do not have anything negative to say about GST, VAT and myriad of other taxes in EU, Canada, Asian countries and most of these are around 20%. We elected Trump to make changes and all changes are disliked and chaotic and we knew that!!

  5. Your talking nonsense!!
    2 trillion dollars of investment already planned
    741 million dollars of this investment is manufacturing !!

  6. If Tariffs and trade barriers are so bad then why is it for decades Asia and Europe have imposed them on the United States to "protect" they're industries. So when the world does it to the United States its okay?

  7. Why Aluminium and Steel is made in Canada ! All the Raw materials come from Canada and there Energy is 60% cheeper than the US… Make them in America and it will cost 50% more to consumers ! Great Plan Trump lmfao !

  9. If imposition of tariffs is bad, why does the EU have tariff on America cars, why tariff on Chinese car ? To protect EU car market of course !! If you can do it why can the US do it back to you ??

  14. I think the US has also poisoned the well of buyer sentiment. Even as the tariffs come on and off based on Mango's mood, Canadian consumers are boycotting goods and services. I'm willing to boycott as much as I can for 4 years.

  15. Manufacturing factories cannot make a comeback to the US because of the high wages. The manufactured goods will be expensive that local people cannot afford it and don't even bother to export it. You should be expanding on manufacturing what you are already good at and what the world wants!

  16. Thank you America! German industries eyed the more competitive environment in terms of manufacturing costs in the US and fantasized about relocating there. You successfully managed to make them think twice. That is more than our own government achieved.

  17. Yes, democracy is indeed imperfect! Any madman who finds sufficient funding (even from an enemy country) has the opportunity to mock the population of America! It is super democratic! Although it may negatively affect the population!

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  21. Ha! A country with strikes every other Tuesday, a socialist system that rewards inactivity, a 30 hour work week, is calling THE most industrious country an inefficient high cost producer? France you have outdone yourself – bravo!

  23. The US will wind up isolated and not trusted. They think they are going to hurt Canada but they will be the ones hurt long term. Canada has a few hard years coming but we will be better off in the long run.

  24. Force the economy into a recession then it will be easier to send them to war? to do what? Take Canada and Greenland? Sounds like a Putin style plan.

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