Economists generally don’t like tariffs. This was true even before the latest round of tariffs implemented by President Donald Trump. Various surveys have found that around 90 percent of economists believe that tariffs will negatively impact economic welfare, and a similar amount believe that tariffs lead to inflation.As just one example, see https://siepr.stanford.edu/publications/policy-brief/framing-next-four-years-tariffs-tax-cuts-and-other-uncertainties-trump. This is…
Todd SteenApril 10, 2025