Episode 126: What Across-the-Board Tariffs Could Mean for the Global Economy

Aug 4, 2024 · 7m 21s
Episode 126: What Across-the-Board Tariffs Could Mean for the Global Economy
Description

In this episode of Youthquake, host Can Sinan and guest Tuna K explore the potential global repercussions of across-the-board tariffs on U.S. imports, a concept recently floated by former President...

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In this episode of Youthquake, host Can Sinan and guest Tuna K explore the potential global repercussions of across-the-board tariffs on U.S. imports, a concept recently floated by former President Donald Trump. While tariffs are often seen as a tool to protect domestic jobs and reduce trade deficits, their widespread implementation could trigger severe economic disruptions. Tuna K breaks down the historical precedents, such as the 1971 Nixon surcharge, and compares them to today’s global economy, highlighting the risks of trade wars, disrupted supply chains, and increased costs for consumers worldwide. As we delve into the implications of this policy, we’ll discuss how such tariffs could lead to a dangerous combination of recession and inflation, affecting not just the U.S., but economies around the globe. Tune in to understand the far-reaching consequences of these proposed tariffs on the global stage. Let’s discuss it!
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Author Can Sinan Canpolat
Organization Can Sinan Canpolat
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