Tariffs may have helped US as China, India started rising as superpowers —these charges will cost America now: Frank Hixon

  • Posted on April 16, 2025
  • By Business News Today
  • 2 Views
Tariffs may have helped US as China, India started rising as superpowers —these charges will cost America now: Frank Hixon

Economist Steven N. Durlauf warns that Trump's tariffs will negatively impact the US economy, citing inefficiencies and damaged international relations. He argues tariffs exacerbate inequality, disproportionately affecting lower-income individuals and hindering intergenerational mobility. Durlauf emphasizes that these policies, coupled with attacks on education, will worsen segregation and create a less prosperous, less equal America, ultimately harming long-term economic prospects.
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