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Podcast: In Focus by The Hindu
Episode: Decoding the economics of Trump’s tariffs
Description: US President Donald Trump has often said that ‘tariff’ is his favourite word. Within weeks of taking office, he imposed 25% tariffs on all imports from America’s two biggest trading partners, Mexico and Canada, and 10% tariffs on goods from China. Subsequently, he paused the tariffs for 30 days, after Mexico and Canada promised to take certain measures to curb illegal migration and cross-border fentanyl smuggling.Given his repeated statements that he is looking at tariffs as a source of revenue it seems like he is viewing tariffs as a permanent feature rather than as a temporary negotiating tool, as som...