Reported 4 days ago
According to Ivy League economist Eswar Prasad, the economic landscape has shifted significantly since Trump's first term, potentially allowing the U.S. to benefit from his tariffs. In a New York Times op-ed, he noted that the U.S. shows strong productivity growth while other major economies struggle, meaning tariffs may hurt them more than American consumers. Prasad predicted that as global trading partners adapt to Trump's approach and face their own economic difficulties, the U.S. may emerge relatively stronger amid a trade war.
Source: YAHOO